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About Optimism
Industries
Crypto & Web3
Company Size
51-200
Company Stage
Series B
Total Funding
$178.5M
Headquarters
New York City, New York
Founded
2019
Overview
Optimism focuses on enhancing the Ethereum blockchain by providing OP Mainnet, a Layer 2 (L2) solution that increases transaction speed and reduces costs, known as gas fees. OP Mainnet allows developers to run their applications more efficiently while maintaining compatibility with existing Ethereum software. Additionally, Optimism is working on the Superchain project, which aims to improve interoperability and composability among different blockchains using the OP Stack, creating a more integrated Ethereum ecosystem. The company also supports public goods through its Retroactive Public Goods Funding program, which rewards developers who contribute positively to the community. Revenue is generated from transaction fees on OP Mainnet, which is reinvested into the ecosystem to support sustainable development.
Simplify's Take
What believers are saying
- Integration of ZKPs enhances privacy and scalability for Optimism's solutions.
- Layer 3 chains could revolutionize blockchain scalability and interoperability.
- Partnership with RACE opens new markets for real-world asset tokenization.
What critics are saying
- Competition from other Layer 2 solutions like Arbitrum and Base is increasing.
- Layer 3 chains may introduce technical challenges and security vulnerabilities.
- USDT0 launch on OP Mainnet could attract regulatory scrutiny.
What makes Optimism unique
- Optimism offers a unique Ethereum Layer 2 scaling solution with OP Mainnet.
- The Superchain project enhances interoperability and composability between different blockchain layers.
- Retroactive Public Goods Funding supports developers building for public good on Optimism's platform.
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Funding
Total Funding
$178.5M
Above
Industry Average
Funded Over
3 Rounds
Andreessen HorowitzIndustry standards
Benefits
🤑 Top 25% salaries
🪙 Equity in OP Labs PBC
🦷 Medical, dental, ortho & vision insurance
💵 Flexible Spending Account
💰 401k Retirement plan
⛑️ Life & disability insurance
🏠 WFH flexibility
🍼 Paid parental leave
💸 Crypto tax professionals
🏝️ Vacations & paid holidays
Growth & Insights and Company News
6 month growth
↑ 1%1 year growth
↑ 4%2 year growth
↑ 1%On March 27, Optimism announced that the dollar-pegged USDT0 is now available on the OP mainnet.
Following open discussion and a successful Aave community vote, GHO, the decentralized, overcollateralized stablecoin native to the Aave protocol, is now available on Base, the secure, low-cost, builder-friendly Ethereum Layer-2 network incubating at Coinbase. Users can now supply liquidity, bridge, and borrow GHO on Base. This launch, along with GHO’s earlier successful launches on Ethereum Mainnet and Arbitrum, validates Aave’s cross-chain expansion strategy powered by Chainlink, demonstrating GHO’s seamless operation across networks. Expanding GHO’s availability increases accessibility, fostering wider adoption and new use cases. Aave is the leading DeFi protocol across multiple networks, including Base (home to over 440,000 Aave users and $770M in net deposits). GHO has the opportunity to mirror Aave’s success within Base and other ecosystems.GHO’s expansion to Base builds on the GHO Cross-Chain Architecture adopted by Aave Governance
Now, Optimism is joining the movement, launching its own Deep Funding initiative to experiment with more effective and scalable funding mechanisms.
Ethereum L2 network for the NFT industry, Mint Blockchain received a grant of 750,000 OP tokens ($1.35 million) from the Optimism Foundation in the 28th cycle of Optimism Grants
Mint Blockchain secures $1.35m grant from Optimism to boost NFT innovations.
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About Optimism
Industries
Crypto & Web3
Company Size
51-200
Company Stage
Series B
Total Funding
$178.5M
Headquarters
New York City, New York
Founded
2019
There are no jobs for Optimism right now.
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to Optimism