OKX Ventures Makes a Strategic Investment in Taiko — a decentralized, Ethereum-equivalent ZK-Rollup.

OKX Ventures is pleased to announce the strategic investment in Taiko — a decentralized, Ethereum-equivalent ZK-Rollup.

Taiko is building a Type-1 ZK-EVM that enables developers and users to experience Ethereum securely with dramatically lower transaction fees, whilst retaining the ability to re-use their existing codebase and tooling. Furthermore, as a result of being fully permissionless and decentralized from Day 1, Taiko introduces no additional trust assumptions and empowers a vibrant community of block proposers, provers, and node runners.

“We are honored to participate in the strategic investment of Taiko, which seizes Type 1 positioning across the zkEVM spectrum and therefore has a host of advantages in regards to UX and technical design. We also strongly support the team’s commitment to being a fully permissionless and decentralized ZK-Rollup. Taiko will launch its mainnet next year, and the future of the project looks very promising.” said Dora, Founder of OKX Ventures.

About OKX Ventures

OKX Ventures is an investment institution under the worldwide top trading platform OKX.com, which focuses on exploring the best blockchain projects on a global scale, supporting the most cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and focusing on long-term structural value investment. The initial capital of OKX Ventures is USD $100 million. We are committed to helping the ideal entrepreneurs who contribute to the development of the blockchain industry to build great companies and bringing global resources and historical experience to blockchain projects.