SYNQA, the parent company of OMG Network — a layer-2 Ethereum scaling solution — has raised $80 million in Series C funding from notable investors. The post OMG Network’s parent company SYNQA raises $80 million in Series C appeared first on The Block.
OMG Network price
About OMG Network
The OMG Network (formerly OmiseGO) is a value transfer network for Ethereum and any ERC-20 token. It describes itself as the first production-grade layer-2 Ethereum scaling solution and aims to let people move money and a variety of digital values on the blockchain faster, cheaper, and without compromising on security.
OMG Network is the latest of a series of important developments in Ethereum’s Layer 2 solutions this year.
Tether (USDT), the largest stablecoin by market capitalization, has been integrated into the OMG Network. The post Tether stablecoin launches on OMG Network as Ethereum is ‘vulnerable to severe network congestion’ appeared first on The Block.
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