News Report Technology
March 04, 2024

zkLink Launches zkLink Nova, a Layer 3 Zero-Knowledge Rollup Network

In Brief

zkLink launched its EVM-compatible Layer 3 ZK rollup zkLink Nova to aggregate fragmented liquidity across Ethereum Layer 2 Rollups.

zkLink Labs Launches Layer 3 Zero-Knowledge Rollup Network zkLink Nova

Aggregated Layer 3 zero-knowledge (ZK) rollup network zkLink announced the launch of zkLink Nova. The network, compatible with the Ethereum Virtual Machine (EVM) is built on top of the Ethereum blockchain and its Layer 2 rollups. It comprises a modular architecture powered by ZK Stack and zkLink Nexus technology. zkLink Nova leverages ZK proofs for the aggregation of native assets and liquidity within its interconnected networks.

As a Layer 3 ZK rollup network, it offers benefits in scalability and sovereignty, inheriting the security of Ethereum.

Moreover, the zkLink Nova open platform allows decentralized application (dApp) developers to deploy Solidity smart contracts on it, gaining instant access to liquidity and native assets across integrated networks such as Arbitrum, zkSync, Linea, and Starknet, among others.

zkLink Nova introduces an approach of utilizing ZK proofs to access aggregated liquidity from Ethereum and Ethereum Layer 2 networks, providing a cost-effective and capital-efficient option of deploying dApps gaining access to liquidity and native assets from a multitude of Layer 2 solutions. Additionally, the new network is stack-agnostic or capable of connecting with heterogeneous rollups that utilize various stack choices, including ZK rollups and Optimistic Rollups, along with any additional stacks upon which they are built.

Founded in 2021, zkLink Labs is a unified multi-chain trading infrastructure secured with zk-SNARKs, facilitating the development of decentralized trading products like order book decentralized exchanges (DEX) and non-fungible token (NFT) marketplaces.

Following its launch, zkLink received backing from investors, including Republic Crypto, Arrington Capital, DeFi Alliance, and Huobi Ventures, among others, raising $8.5 million in a seed funding round. zkLink Labs plans to launch zkLink Nova mainnet alpha on March 8th. The new network is expected to become a fully decentralized network as its modular architecture continues to evolve.

The debut of zkLink Nova signifies a pivotal advancement, offering a transformative solution for liquidity aggregation in the blockchain landscape.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles
Alisa Davidson
Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

Hot Stories
Join Our Newsletter.
Latest News

From Ripple to The Big Green DAO: How Cryptocurrency Projects Contribute to Charity

Let's explore initiatives harnessing the potential of digital currencies for charitable causes.

Know More

AlphaFold 3, Med-Gemini, and others: The Way AI Transforms Healthcare in 2024

AI manifests in various ways in healthcare, from uncovering new genetic correlations to empowering robotic surgical systems ...

Know More
Read More
Read more
Gate.io Sets New Record For Total Trading Volume In Q3 2024 As Its User Base Surpasses 17M
News Report Technology
Gate.io Sets New Record For Total Trading Volume In Q3 2024 As Its User Base Surpasses 17M
November 5, 2024
Kamino Finance Launches New Jito Market In Kamino Lend To Accelerate JitoSOL Growth
News Report Technology
Kamino Finance Launches New Jito Market In Kamino Lend To Accelerate JitoSOL Growth
November 5, 2024
Arcium Acquires Core Technology And Team From Inpher To Enhance Network Performance And Capabilities
Business News Report Technology
Arcium Acquires Core Technology And Team From Inpher To Enhance Network Performance And Capabilities
November 4, 2024
Gemini Begins ‘Go Where Dollars Won’t’ Campaign, Giving Glimpse Into How Crypto Will Power Our Lives Among The Stars
Business News Report Technology
Gemini Begins ‘Go Where Dollars Won’t’ Campaign, Giving Glimpse Into How Crypto Will Power Our Lives Among The Stars
November 4, 2024