Singapore, 24 July 2024 — Aggregated cumulative infra builder zkLink as we speak introduced recipients for Section 1 of its Ecosystem Developer Grants program, a $20 million ZKL grant program geared toward stimulating the expansion of its aggregated DeFi ecosystem. This system, which acquired over 100 purposes, accredited 16 initiatives for monetary and advertising help that may construct on zkLink Nova, the business's first aggregated Layer 3 community.
Section 1, which ran from March 11 to July 20, 2024, allotted 10 million ZKL tokens to its beneficiaries. Section 1 grantees embody 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 recipients of Section 1 of our Ecosystem Developer Grants program. These initiatives exemplify the extraordinary dedication to cultivating a vibrant and seamless aggregated DeFi ecosystem. Every recipient has demonstrated a dedication to creating aggregated options like zkLink Nova, driving revolutionary change and galvanizing others by their work.
On zkLink Nova, dApps can entry a “single Ethereum expertise” of aggregated belongings from eight broader Ethereum Layer 2 ecosystems corresponding to Arbitrum, Optimism, Base, ZKsync, Linea, Scroll, Manta and Mantle. Secured with zero-knowledge proofs and multi-chain state synchronization, zkLink Nova gives builders the chance to discover new interoperable DeFi primitives whereas benefiting from decrease fuel prices for its zkEVM layer 3 aggregated community.
“The grant program displays our imaginative and prescient of seamlessly connecting Web3 and Web2 by business collaboration. We’re excited to see how the grantees will use this funding to help their initiatives and contribute to the neighborhood,” added Yang.
“Congratulations to all of the winners and thanks in your entries. We stay up for continued progress in unifying the second layer into one interoperable platform.”
zkLink Ecosystem Developer Grants Program Section 2
Section 2 of the Ecosystem Developer Grants Program will start on July 24, 2024 and finish on September 30, 2024. The part will construct on the successes and classes realized from Section 1 and guarantee grant candidates obtain steerage, versatile funding mechanisms and diminished determination occasions.
The purpose of Section 2 is to help purposes which might be in a position to positively affect chain exercise and consumer expertise (UX) on zkLink Nova.
We suggest utilizing protocols from a wide range of verticals, together with however not restricted to DeFi, meme initiatives, gaming, and synthetic intelligence. Particular consideration shall be given to open supply options and initiatives with confirmed expertise in zero-knowledge (ZK) or Optimism (OP) rollup networks. Section 2 can even proceed to help revolutionary protocols and help the deployment of native dApps on zkLink Nova.
For extra details about the zkLink Ecosystem Grants Program or to use, go to the web site.
About zkLink
zkLink develops a number one zero-knowledge blockchain answer for the Ethereum ecosystem. Its flagship zkLink Nova is the business's first zkEVM Rollup Layer 3 aggregated community constructed on Ethereum and Ethereum Layer 2 rollups (L2). It’s an open, EVM-compatible platform that permits dispersed belongings to be aggregated throughout Ethereum Layer 2 for interoperable commerce and transactions. It’s secured with zero-knowledge know-how, fees extraordinarily low fuel prices, gives quick finalization and inherits its safety from Ethereum.
zkLink is funded by notable backers together with Coinbase Ventures, Solana Ventures, SIG DTI, Arrington Capital and others.
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