Versatus Labs, a Peer-to-Peer Web Services Protocol that enables Web2 developers to seamlessly transition to Web3, has successfully raised $2.3 million with participation from key investors NGC Ventures and Republic Crypto, bringing its value to $50 million. The fundraising will help Versatus launch the world’s first Stateless Rollup, Versatus LASR.Founded by Distributed Systems veteran Andrew Smith, Versatus paves a new frontier in decentralized verifiable compute innovation. Versatus offers a seamless transition from Web2 to Web3 for developers while enabling unrivaled speed and cost-efficiency without sacrificing security and maintaining wide decentralization.