Flash News: OKX Ventures Makes a Seed Round Investment in Type 2.5 zkEVM Kakarot - : Global fintech news & intelligence
Summary
SINGAPORE, Nov. 15, 2023 (GLOBE NEWSWIRE) OKX Ventures, the investment arm of leading Web3 technology company OKX, has issued updates for November 16, 2023.OKX Ventures today announced its seed round investment in Kararot, a Type 2.5 Zero-Knowledge Ethereum Virtual Machine (zkEVM) written in Cairo, a Scalable Transparent Argument of Knowledge (STARK)-based Turing-complete language for writing provable programs on blockchain. With strong community engagement and the power of Cairo, developed by the Starkware team, Kakarot achieved full Operation Code (opcode) equivalence in just two and a half months; opcode is a primitive code or instruction that enables the programming of operations within a blockchain.OKX Ventures Founder Dora Yue said: We are honored to participate in the seed round of investment in Kakarot, a Cairo language-based zkEVM. The project is also exploring the development of other zero-knowledge proofs, account abstraction and scaling solutions to contribute to the ongoing development of the Web3 space.For further information, please contact: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. Web3 DeFi: A powerful DeFi platform that supports earning and staking on about 70 protocols across more than 10 chains.OKX partners with a number of the worlds top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.As a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology.To learn more about OKX, download our app or visit: okx.com