OKX Ventures, the investment arm of leading Web3 technology company OKX, has issued updates for March 2, 2024.
OKX Ventures Announces Series A Investment in Taiko, a Decentralized, Ethereum-Equivalent ZK-Rollup
OKX Ventures is pleased to announce its Series A investment in Taiko – a decentralized, Ethereum-equivalent ZK-Rollup.
Since 2022, Taiko has been a leader in innovation, conducting six successful testnets involving over 1,100,000 unique wallets, 30,000+ proposers and 14,000+ provers. With a bustling community of over 850,000 members on Discord and support for over 100 live apps, Taiko plays a crucial role in scaling Ethereum. It's building a decentralized, permissionless and secure Layer 2 architecture.
OKX Ventures Founder Dora Yue said: "We are thrilled to participate in Taiko's Series A funding round, the ZK-Rollup-based Ethereum Layer 2 network. We have participated in two of Taiko's funding rounds so far and applaud its growth over the past year. Taiko has consistently pursued its initial goal of building a fully decentralized network. It has decentralized sequencers and validators that allow developers to leverage the power of Ethereum Layer 1 without altering existing DApps deployed to Taiko. The mainnet is expected to launch in the first half of 2024, marking the next milestone and ushering in a new phase of growth
The mainnet is expected to launch in the first half of 2024, marking the next milestone and ushering in a new phase of growth
About OKX Ventures
OKX Ventures is the investment arm of the second-largest crypto exchange by trading volume and Web3 technology company OKX, with an initial capital commitment of USD 100 million. It focuses on exploring the best blockchain projects on a global scale, supporting cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value.

Source prnewswire