OKX Ventures announced a strategic investment in Scroll, which will support the latter in improving Ethereum's performance issues

2023-03-08 15:55:31

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ChainCatcher news, OKX Ventures announced a strategic investment in the Ethereum Layer 2 ZK Rollup scaling solution Scroll, which will support Scroll in improving Ethereum's performance issues.

It is reported that Scroll is a zk-Rollups (ZKR) developing zkEVM, aiming to build a ZK-Rollups compatible with EVM and featuring a robust proof network. The Scroll Alpha testnet has already launched on Goerli, with over 180,000 independent wallets participating in the testing, and 665,000 transactions have been completed. The team stated that the mainnet is expected to launch in the next 3-4 months.

Previously, it was reported that Scroll completed a $50 million financing round, with investors including Polychain Capital, Sequoia China, Bain Capital Crypto, Moore Capital Management, Variant Fund, Newman Capital, IOSG Ventures, and Qiming Venture Partners. This round of financing will be used for product development, launching the mainnet, and expanding the ecosystem, with plans to increase the team size from 60 to nearly 100 people. Sources say that Scroll's valuation in this financing round reached $1.8 billion. (source link)

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