- In addition to him, several other funds and private investors participated in the funding
- The amount of investment was not disclosed
The Ethereum Virtual Machine – Kakarot zkEVM has closed a preliminary seed funding round. Investors include venture capital funds StarkWare, LambdaClass and private investors Rand Hindi, Nicolas Bacca and Ethereum co-founder Vitalik Buterin.
Kakarot zkEVM uses STARK protocols to verify validated transactions and blocks, which provides transparency and security. With this confirmation, Kakarot inherits the security of Ethereum L1 and provides lower costs.
The company posted future plans on its Twitter. There will be three three phases:
Phase 1: Kakarot zkEVM on Starknet
Kakarot will be available as an EVM on Starknet L2. Developers will be able to deploy their Solidity contracts directly on Starknet using familiar tools such as Foundry or Hardhat. End users will be able to continue using their familiar experience, such as with Metamask.
The main goal of Phase 1 is to integrate EVM into Starknet, making it easier for developers to create and deploy EVM applications. This opens up new opportunities and expands the Starknet ecosystem.
Phase 2: Kakarot x Madara – L3 zkEVM.
This solution will allow teams to deploy zkEVM application networks and transact in Starknet using validity checks.. In this phase, Kakarot joins forces to create L3 zkEVM. Computation at this level results in significantly lower gas consumption compared to L2, and higher TPS.</nbsp;
Phase 3: Kakarot x Madara – Type 1 zkEVM
Also possible to combine Kakarot and Madara to activate zkEVM Type 1. However, it can only happen if certain conditions are met.