Gelato Network
Financials
Estimates*
USD | 2021 | 2022 |
---|---|---|
Revenues | <1m | <1m |
% growth | - | 100 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$1.2m | Seed | ||
$11.0m | Series A | ||
* | N/A | Series A | |
Total Funding | $12.2m |
Recent News about Gelato Network
EditGelato Network is a blockchain automation platform that empowers developers to deploy and manage their own Ethereum Layer 2 (L2) chains using Zero-Knowledge (ZK) technology. The company serves blockchain developers and projects looking to optimize their processes and resources in the Web3 space. Operating in the decentralized finance (DeFi) and blockchain infrastructure markets, Gelato Network offers a robust Rollup-as-a-Service (RaaS) solution that leverages the Polygon CDK rollup framework. This allows developers to create custom chains that are interoperable, share liquidity, and enhance the value layer of the blockchain ecosystem.
Gelato Network's business model revolves around providing a comprehensive suite of tools and services for blockchain automation, including seamless integrations with popular Web3 tools and services. The platform has already executed over a million transactions on the Optimism Mainnet for notable projects like Synthetix, Lyra, and Velodrome. By offering these advanced capabilities, Gelato Network generates revenue through service fees and partnerships with blockchain projects and developers.
The company also offers specialized solutions like 0SUM, a Decentralized Exchange as a Service (DaaS) that enables quick deployment of concentrated DEXs on any rollup stack, and high-speed, low-fee interoperability solutions powered by intents. Additionally, Gelato Network provides community-building tools, digital credentials, and NFT marketplaces in collaboration with platforms like Galxe and Rarible.
Keywords: Blockchain, Automation, Ethereum L2, ZK Technology, Rollup-as-a-Service, DeFi, Interoperability, DEX, NFT Marketplaces, Web3 Tools.