zkEVM development platform Kakarot completes its second round of financing

2023-11-14 21:18:27

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ChainCatcher news, the zkEVM development platform Kakarot has completed its second round of financing, led by Stake Capital and LongHash, with participation from Eterna Capital, Fenbushi Capital, OKX Ventures, Foresight Ventures, SevenX Ventures, Builder Capital, Bixin Ventures, UOB Venture, NxGen, CMS Holdings, Aglaé Ventures, Signum Capital, and Moonrock Capital.

Previously, the zkEVM development platform Kakarot completed its Pre-Seed round of financing on June 2, 2023, with participation from StarkWare, LambdaClass, and angel investors Vitalik, Nicolas Bacca, and Rand Hindi.

Kakarot zkEVM is an EVM implemented in Cairo, utilizing STARK proofs to verify transactions and blocks, ensuring transparency and security. It is reported that the development of Kakarot zkEVM is divided into three phases: 1. existing as an EVM on Starknet L2; 2. collaborating with Starknet sequencer Madara to create the third layer zkEVM; 3. enabling Type 1 zkEVM through the combination of Kakarot and Madara.

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