- Round led by Coinbase Ventures
- Funds are being used to launch mainnet
- It is planned for the third quarter of 2023
Layer-2 network zkLink announced the closing of a $10 million strategic funding round led by Coinbase Ventures.
Also participating in the strategic round were: Ascensive Assets, Susquehanna International Group, Big Brain Holdings, Efficient Frontier.
This investment brings zkLink’s total funding to date to $18.5 million. The new capital will help zkLink move toward launching a core network in the third quarter.
ZkLink offers a decentralized trading infrastructure with “zero-knowledge” technology backed by ZK-rollup, which facilitates trading between different networks.
Ecosystem connects different Layer1 and Layer2 networks. This allows developers and traders to use a single liquidity and help create a more accessible and efficient DeFi ecosystem for all.
Co-founder Vince Young said in an interview:
“ZkLink plays a critical role in shaping the future cryptocurrency landscape by leveraging the potential of ZK technology.
For newcomers, imagine a scenario where DeFi decentralized financial trading provides the same user experience, efficiency and speed as CEX exchanges.”
He added:
“New capital will allow us to accelerate our protocol development and get it to market faster.
We believe that the ZK-Rollup-based trading infrastructure will usher in a seamless and secure DeFi landscape.”