OKX Ventures Strategically Invests in Ethereum’s ZK Project Scroll

08/03/2023 15:46

OKX Ventures announced a strategic investment in Scroll, the second-layer ZK-based Rollup expansion solution of Ethereum, which will support Scroll to improve the performance of Ethereum. Scroll is a zk-Rollups (ZKR) developing zkEVM with the goal of building an EVM-compatible ZK-Rollups with a strong proof network. The Scroll Alpha test network has been launched on Goerli. Currently, more than 180,000 independent wallets have participated in the test, and 665,000 transactions have been completed. The team stated that the mainnet is expected to go live in the next 3-4 months. On March 6, Scroll completed a $50 million financing round, with participation from Polychain Capital, Sequoia China, Bain Capital Crypto, Moore Capital Management, Variant Fund, Newman Capital, IOSG Ventures, and Qiming Venture Partners. This round of financing will be used for product development, launching the mainnet and expanding the ecology, and plans to increase the team size from 60 to nearly 100. According to sources, Scroll is valued at $1.8 billion in this round of financing.

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OKX Ventures Strategically Invests in Ethereum’s ZK Project Scroll

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