Gelato, a Web3 infrastructure provider, has raised $11 million in a strategic funding round led by investment firm DWF Labs. This funding will bolster Gelato’s decentralized "rollup-as-a-service" platform, which facilitates efficient blockchain scaling solutions. A key addition to Gelato’s platform is Kraken’s Ink, a new rollup that enhances security and scalability for decentralized applications (dApps). The platform aims to simplify integration for developers building on Ethereum and other Layer 2 networks, offering tools for smoother transactions, automated smart contract executions, and lower fees. Gelato’s funding highlights ongoing interest in infrastructure that enables Web3 scalability and user-friendly experiences.
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