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ZkLink Raises $10M in Funding Round with Backing from Coinbase Ventures

ZkLink, an infrastructure layer that enables easier trading of assets across blockchains, has raised $10 million in a strategic funding round from investors including Coinbase Ventures. The funding will help drive zkLink towards its mainnet launch in Q3.

ZkLink uses zero-knowledge rollups, an Ethereum scaling approach that mathematically proves the validity of an off-chain transaction to save time, throughput and fees. The company's decentralized trading layer connects layer 1 blockchains and layer 2 protocols, and developers can use its APIs to create products such as order book decentralized exchanges and NFT marketplaces. The company will launch a community campaign called "Odyssey" and the "Dunkirk" asset withdrawal test ahead of its mainnet launch.

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