OKX Makes Strategic Investment in zkLink

IconCryptoNewsTerminal Staff17 Jul, 2024

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OKX Makes Strategic Investment in zkLink

OKX Ventures Invests in zkLink OKX Ventures, the venture capital arm of cryptocurrency exchange OKX, has made a strategic investment in zkLink, a multi-chain asset trading infrastructure project building ZK-based solutions for Ethereum Layer2 rollup asset scaling. The investment marks the second time OKX Ventures has invested in zkLink, following an initial investment in December 2022. zkLink's technology aims to enhance the scalability and efficiency of Ethereum-based transactions by leveraging Zero-Knowledge (ZK) proofs. The adoption of ZK-proofs enables the validation of transactions without revealing sensitive data, thereby improving privacy and reducing gas fees. With the integration of zkLink's solutions, users can benefit from faster transaction processing times and lower costs. OKX Ventures' support will further accelerate the development and adoption of zkLink's technology, contributing to the advancement of the blockchain ecosystem.

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