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Mystery Solved: a16z Crypto's 'Orange Ball' Was Hype For New Layer-2 Rollup Client 'Magi'

Published 20/04/2023, 12:40
Updated 20/04/2023, 13:41
© Reuters.  Mystery Solved: a16z Crypto's 'Orange Ball' Was Hype For New Layer-2 Rollup Client 'Magi'

Benzinga - Andreessen Horowitz’s web3 investment arm, a16z Crypto on Tuesday announced the release of a new Layer-2 rollup client called Magi.

What Happened: The announcement comes after a day of cryptic tweets featuring images of orange balls.

a16z Crypto had teased a launch on Twitter with a picture of an orange ball and the words “coming soon.”

The social media platform was abuzz with speculation, with some likening the mystery to similar tactics employed by Coinbase (NASDAQ:COIN) ahead of its own Layer 2 launch in February.

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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