SINGAPORE, 24 July 2024 — Aggregated rollup infrastructure builder zkLink at the moment introduced the recipients of Part 1 of its Ecosystem Developer Grant Program, a $20 million ZKL grant program aimed toward accelerating the expansion of the aggregated DeFi ecosystem. Receiving over 100 purposes, this system has accepted 16 initiatives to obtain monetary and advertising help to construct on zkLink Nova, the trade's first aggregated Layer 3 rollup community.

Part 1 ran from March 11 to July 20, 2024, with recipients allotted 10 million ZKL tokens. Part 1 grant recipients embrace Oku Commerce, RedStone, Holdstation, Solv Protocol, Snapshot, NovaSwap, POKT Community, Layerbank, Izumi Finance, AGX, Sturdy, Steer Protocol, Allspark, Protofire, SphereX, and Chainnodes.

Vince Yang, CEO of zkLink, expressed his enthusiasm: “We’re excited to announce the winners of Part 1 of our Ecosystem Developer Grant Program. These initiatives embody a rare dedication to fostering a vibrant and seamless aggregated DeFi ecosystem. Every winner has demonstrated a dedication to advancing aggregated options like zkLink Nova, driving progressive change, and provoking others by their work.”

With zkLink Nova, dApps can entry a “unified Ethereum expertise” of aggregated belongings from eight of Ethereum's broader layer-2 rollup ecosystems, together with Arbitrum, Optimism, Base, ZKsync, Linea, Scroll, Manta, and Mantle. Secured by zero-knowledge proofs and multi-chain state synchronization, zkLink Nova affords builders the chance to discover new interoperable DeFi primitives whereas benefiting from the low fuel prices of the aggregated layer-3 zkEVM community.

“The grants program displays our imaginative and prescient of seamlessly connecting Web3 and Web2 by trade collaboration, and we stay up for seeing how grant recipients use this funding to advance their initiatives and contribute to their communities,” Yang added.

“Congratulations to all of the award recipients and thanks in your contributions. We stay up for continued progress in consolidating Layer 2 onto one interoperable platform.”

zkLink Ecosystem Developer Grant Program Part 2

Part 2 of the Ecosystem Developer Grant Program will start on July 24, 2024, and finish on September 30, 2024. This part will construct on the successes and classes discovered in Part 1 to make sure grant candidates obtain steerage, versatile funding mechanisms, and accelerated decision-making occasions.

The objective of Part 2 is to help purposes that may positively impression on-chain exercise and consumer expertise (UX) on zkLink Nova.

Protocols throughout quite a lot of sectors are welcome to use, together with DeFi, meme initiatives, gaming, AI, and extra. Particular consideration might be given to open-source options and initiatives with confirmed observe information in both Zero-Information (ZK) or Optimism (OP) rollup networks. In Part 2, we are going to proceed to help progressive protocols and facilitate the deployment of native dApps on zkLink Nova.

For extra details about the zkLink Ecosystem Grant Program or to use, please go to the web site.

About zkLink

zkLink is growing cutting-edge zero-knowledge blockchain options for the Ethereum ecosystem. The corporate's flagship product, zkLink Nova, is the trade's first aggregated Layer 3 zkEVM rollup community constructed on Ethereum and Ethereum Layer 2 Rollup (L2). It’s an EVM-compatible open platform that aggregates belongings distributed on Ethereum Layer 2 for interoperable trades and transactions. Secured by zero-knowledge proof know-how, it affords very low fuel prices, quick finality, and inherits safety from Ethereum.

zkLink is funded by notable backers together with Coinbase Ventures, Solana Ventures, SIG DTI, and Arrington Capital.

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