OKX Ventures, the investment arm of popular cryptocurrency exchange OKX, recently announced an exclusive investment in zkLink Labs, a well-known organization focused on developing solutions for zero-knowledge infrastructure. The announcement was made on the platform’s official X account.
We are excited to announce our strategic partnership with zkLink_Official, a platform that aggregates and unifies blockchains and rollups using zero-knowledge proofs. #ZKP
In addition to the social media announcement, OKX Ventures also published a detailed Medium post to provide more information about this partnership. The post highlighted zkLink’s mission to unify and scale assets across Ethereum and Ethereum L2 Rollups. The flagship product of zkLink, called zkLink Nova, is an Aggregated L3 zkEVM network that addresses the issue of liquidity fragmentation.
Traditionally, capital gets trapped in isolated blockchains, but Nova solves this problem by offering an open forum that ensures scalability and security through the use of zk-Proofs. Users can utilize aggregated assets to make more cost-effective transfers on one L3 network. The zkLink Nova mainnet was launched in March and has shown impressive growth, with a cumulative total value locked of up to $1.05 billion within a few months.
The network has also attracted over 1 million exclusive wallet addresses and processed more than 17 million transfers. These transfers involve nine integrated ecosystems, including Ethereum, Optimistic Rollups, and ZK Rollups, such as Mantle, Manta Pacific, Scroll, Linea, zkSync, Base, and Optimism.
zkLink’s development not only innovates the Web3 world but also prioritizes security. This makes it a revolutionary force in the DeFi sector and an attractive investment opportunity for OKX Ventures. Dora Yue, the founder of OKX Ventures, emphasized the importance of this investment, stating that zkLink’s aggregation solution plays a critical role in expanding the user base in the Web3 realm while ensuring security. This investment highlights the strategic significance of zkLink’s technology in evolving the decentralized finance sector as a whole.