Ethereum Layer Two Network Essential announced its successful completion of a $11 million Series A financing round, aimed at optimizing the performance and user experience on the Ethereum blockchain through innovative technologies. The lead investor in this round was the renowned venture capital firm Archetype, with participation from other notable investment institutions such as IOSG Ventures, Spartan Group, Mirana Ventures, Amber Group, Maven 11, and Big Brain Holdings, as well as angel investors from companies including Celestia, Hashflow, LI.FI, Sorella, and others. This funding round marks a significant advancement for Essential in driving the development of the Ethereum ecosystem, with a total funding amount reaching $16.15 million, further enhancing its influence and competitiveness within the industry.