The Good Tech Companies - Kroma Secures Strategic Investment From ZKcandy

Episode Date: October 24, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/kroma-secures-strategic-investment-from-zkcandy. ZKcandy, operating a Layer 2 gaming zkChain, has already shown tremendous early success, registering over 2.5 million wallets within two weeks of its open testn Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #zkcandy, #btcwire, #press-release, #zkcandy-announcement, #zero-knowledge-proofs, #layer-2-rollups, #good-company, and more. This story was written by: @btcwire. Learn more about this writer by checking @btcwire's about page, and for more stories, please visit hackernoon.com. ZKcandy is set to launch its mainnet by the end of 2024, with over 20 games already in the pipeline. Kroma plans to push for gamified web3 experience backed by its strengths in gaming, consumer applications, Asia market, and technical capabilities for true universal web3 adoption.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Chroma secures strategic investment from ZK Candy, by BTC Wire. Singapore, October 24, 2024, Chroma is proud to unveil ZK Candy has entered into definitive agreements to become our newest strategic investor and partner. This partnership will mark an exciting new phase for Chroma as ZK Candy will assume the role of major shareholder, currently held by WEMIX Private, after closing takes place. ZK Candy is a unique collaboration between iCandy Interactive, Southeast Asia's largest game developer, and ZK Sync, a leading Layer 2, L2, Ethereum scaling solution.

iCandy boasts over 650 full-time employees and has developed more than 300 mobile games, with over 400 million downloads worldwide. ZK Candy, operating a Layer 2 gaming ZK chain, has already shown tremendous early success, registering over 2.5 million wallets within two weeks of its open testnet launch. ZK Candy is set to launch its mainnet by the end of 2024, with over 20 games already in the pipeline. This strategic partnership demonstrates ZK Candy's confidence in light-scale innovative L2 blockchain solution, Chroma, and strengthens their commitment to accelerating Chroma's future growth and success.

Chroma, built on the Superchain, is advancing the op stack, improving the security and efficiency of blockchain transactions. By integrating native account abstraction, Chroma reduces gas fees and simplifies the user experience for both developers and end-users. Chroma is also the first op stack roll-up featuring a ZK fault-proof system powered by the Tachyon library, which accelerates ZK proof generation while reducing costs, offering unmatched scalability without compromising security. Greater than, we look forward to welcoming ZK Candy as a strategic partner and investor, greater than said Taekyu Park, founder of Chroma. Their involvement will represent a greater than

pivotal moment for Lightscale, one that will drive Chroma's growth and help greater-than-solidify its leadership in the Layer 2 blockchain space. With ZK Candy's backing, as well as continued support from partners like SK Planet, Zangle, and Hexlent, Chroma is well-positioned to expand its influence across gaming, DeFi, and NFT sectors, driving the future of secure and scalable decentralized applications. About Chroma. As Asia's leading Layer 2 solution built on the Superchain, Chroma is the first OP stack rollup with an active fault-proof system utilizing ZK EVM. N-Chroma will transition to a universal ZK rollup once the generation of ZK proofs becomes more cost-efficient and faster, using its original modular ZK backend library, Tachyon, Chroma plans to push for gamified Web3

experience backed by its strengths in gaming, consumer applications, Asia market, and technical capabilities for true universal Web3 adoption. Tip this story was distributed as a release by BTC Wire under HackerNoon's business blogging program. Learn more about the program here. N***** Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.