INTMAX recently got $5 million from their seed round to create a stateless zkRollup. This new updatable technology from INTMAX is special since it also offers customizable privacy, an option not common amongst zkRollups. Ethereum's Layer 1 has until recently seen a low daily user count due to expensive gas fees. This has incentivized INTMAX to come up with an offer that gives users programmable property rights.

The aim for INTMAX is to become a globally accepted universal financial framework and manage to increase their daily user count to 1 billion. To achieve this, they are providing better services than their updatable Layer2 competitors, while still preserving decentralization. Highlighting their importance, their CEO, Leona Hioki, officially announced their new technology.

Layer2 technology, like INTMAX's stateless zkRollup offers a way to scale and upgrade Ethereum, while also keeping it decentralized. Gas fees have caused many potential users to shy away from the Layer 1 tasks, and zkRollups give them a way back in without becoming encumbered by such incremental costs. However, developers must ensure that their projects are beneficial to the user, secure, and able to keep privacy and decentralization of fundamental importance.

INTMAX, with their new seed round investment and their technological advances, is one project that seems to uphold all of these criteria. Their aim, of becoming a universal financial framework, is likely to make them one of the Blockchain industry's major players, and the $5 million of investment is certainly a start for them. Ethereum will be watching as INTMAX carves out their place in the future of smart contracts, and drive forward the mission of scalability and integrity.



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