Layer2 solution OpenZK Network completes $6 million in early funding, with participation from Animoca Brands and others

ChainCatcher news, according to official sources, the Layer2 solution OpenZK Network has announced the completion of a $6 million early financing round, with investors including Animoca Brands, Coinstore, Sovereign Trust, and other institutions. This round of financing will be used to support its technology research and development as well as ecosystem construction.

It is reported that OpenZK was founded by former Goldman Sachs Asia Pacific Executive President Dave Sandor, and is currently actively negotiating partnerships with multiple institutions to advance its subsequent strategic layout.

According to the Web3 asset data platform RootData, OpenZK Network is a second-layer solution based on zk-rollup technology, which can significantly reduce transaction costs and increase throughput, while also introducing a sustainable reward mechanism through native ETH staking, re-staking, and stablecoin staking.