Ethereum privacy-focused EVM L2 network Payy raises $6 million, led by FirstMark Capital

Foresight News reports that the Ethereum privacy-focused EVM L2 network Payy has completed a $6 million funding round, led by FirstMark Capital, with participation from Robot Ventures, DBA Crypto, and others.

In an earlier report, Foresight News stated that the Ethereum privacy-focused EVM L2 network Payy has officially launched. According to the official announcement, once users add the network to MetaMask, transfers become private automatically, without complex operations. Payy stores all ERC-20 tokens in chain-native privacy pools; direct transfers are completed within the pool; smart contract interactions withdraw to new addresses from the pool; private transaction data is stored off-chain in a privacy vault; developers can configure privacy vault queries through RPC URL parameters.