- The round was led by Coinbase Ventures
- Tools use to run 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.
With this investment, zkLink’s total funding to date stands at $18.5 million. The new capital will help zkLink move towards a mainnet launch in the third quarter.
ZkLink offers a zero-knowledge decentralized trading infrastructure backed by ZK-rollup that facilitates trading between different networks. The ecosystem connects various Layer1 and Layer2 networks. This allows developers and traders to share a single liquidity and help create a more accessible and efficient DeFi ecosystem for everyone.
Co-founder Vince Young stated in an interview:
“ZkLink is playing a critical role in shaping the future of the cryptocurrency landscape by leveraging the potential of ZK technology. For beginners, imagine a scenario where DeFi decentralized financial trading provides the same user experience, efficiency, and speed as CEX exchanges.”
He added:
“The new capital will allow us to accelerate the development of our protocol and bring it to market faster. We believe that the trading infrastructure based on ZK-Rollup will usher in a seamless and secure DeFi landscape.”
