OKX Ventures Partners with Scroll
We are glad to announce the strategic investment in Scroll, a zkEVM-based zkRollup on Ethereum. Scroll enables native compatibility for existing Ethereum applications and tools.
Scroll just launched a permissionless Goerli Testnet last week, And Pre Alpha closed with progressive numbers, 600k+ unique addresses with 400k+ daily tx at the end of January.
OKX Ventures pay much attention to the scalability of Ethereum, Off-chain solutions are implemented separately from layer 1 Mainnet, and this Layer 2 solution requires no changes to the existing Ethereum protocol. While Scroll runs computation off-chain and submits a validity proof to the chain, by implementing the EVM circuit. With this architecture, it can be used for token transfers and specialized applications but limited in capability, it will take a little longer to implement general-purpose smart contracts.
That’s why Scroll community committed to working on zkevm to wrap EVM efficiently in zero-knowledge proofs, after Pre-Alpha and Alpha testing, all existing Ethereum Dapps and smart contracts will be expected to migrate to it effortlessly.
We are excited to witness 180,000 unique wallet addresses and over 665,000 transactions completed on Scroll Alpha, the last major phase before MainNet, Alpha is open to everyone.
OKX Ventures are looking forward to seeing the Mainnet launch in 4 months developed by concerted actions from Scroll team and community.
About Scroll
Scroll is a zkEVM-based zkRollup on Ethereum that enables native compatibility for existing Ethereum applications and tools.
About OKX Ventures
OKX Ventures is an investment institution under the worldwide top trading platform OKX. It 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 investing in long-term structural value.
OKX Ventures is also committed to helping entrepreneurs who contribute to the development of the blockchain industry build great companies and bring global resources and historical experience to blockchain projects. The initial capital of OKX Ventures is USD 100 million.
