Oryon
Portfolio indexActive · Series A · 2020
ActiveCrypto infrastructure

Optimism

CategoryL2 · Infra
HeadquartersSan Francisco
FoundersKarl Floersch, Kevin Ho, Ben Jones, Jing Wang
— Overview

Optimism is the most widely deployed Ethereum L2 stack — the OP Stack — which now underpins Base (Coinbase), Worldchain (World), Zora Network, and 30+ other L2s in the Superchain ecosystem. The design's collective security model is a major departure from single-chain L2 economics.

The Retroactive Public Goods Funding mechanism, pioneered by the Optimism Collective, has distributed over $80M to open-source builders and become a widely-studied template for public-goods funding in the industry.

The 2026 fault-proof rollout completed the last technical milestone for full production-grade decentralization of the Optimism stack, giving the ecosystem a durable trust story.

— By the numbers
$8.4B
TVL (Superchain)
30+
L2s on OP Stack
$80M+
RetroPGF
2019
Founded
— Investment
Round
Series A 2020
Our role
Participant
Check size
$3M
Co-investors
Paradigm · IDEO · Andreessen Horowitz
— Our thesis

The most widely adopted L2 stack. We backed the Series A on the conviction that the Superchain design creates real network effects.

— Team
JW

Jing Wang

Executive Director, Foundation
KF

Karl Floersch

CEO, OP Labs
MT

Mark Tyneway

CTO, OP Labs
BJ

Ben Jones

Chief Scientist
— Timeline
  1. 2019Plasma Group renames to Optimism
  2. Q2 2020Oryon Series A
  3. Q3 2023Superchain vision published
  4. Q1 2026Fault proofs live
— Latest update

OP Stack now runs 30+ L2s. Fault proofs live in production.

— In the press

The Superchain is the closest thing crypto has to a coherent multi-chain product strategy.

Bankless, 2024