LEVER Raises $10 Million USD to Support OmniZK Developers Ahead of Public Testnet Launch
CryptoNewsTerminal Staff22 May, 2024
LEVER Raises $10 Million USD to Support OmniZK Developers Ahead of Public Testnet Launch
LEVER, a Bitcoin ZK infrastructure protocol, has raised a $10 million USD fund to support developers building on OmniZK. The fund will be used to provide grants, technical support, and other resources to developers working on OmniZK projects. OmniZK is a layer-2 scaling solution for Bitcoin that uses zero-knowledge proofs to improve scalability and privacy. It is designed to enable developers to build complex applications on Bitcoin without sacrificing security or decentralization. The public testnet for OmniZK is scheduled to launch in Q2 2023. The fund will be used to support developers in building applications and services on OmniZK, and to help accelerate the adoption of OmniZK. The fund is a significant investment in the development of OmniZK and the Bitcoin ecosystem. It will help to ensure that OmniZK has the resources it needs to succeed, and that developers have the support they need to build innovative applications on Bitcoin.
