The Good Tech Companies - zkLink Approves 16 Projects In Developer Grants Program Paving Way For Aggregated DeFi Future

Episode Date: July 24, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/zklink-approves-16-projects-in-developer-grants-program-paving-way-for-aggregated-defi-future. Running from March 11 to July 20, 2024, Phase 1 had earmarked 10 million ZKL tokens for its recipients. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #zklink, #btcwire, #press-release, #zklink-announcement, #zero-knowledge-rollups, #blockchain-development, #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. zkLink announced the recipients for Phase 1 of its Ecosystem Developer Grants program. The program, which received over 100 applications, had approved 16 projects for financial and marketing support. The grant recipients in Phase 1 include Oku Trade, RedStone, Holdstation, Solv Protocol, Snapshot, NovaSwap, POKT Network.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. ZK-Link approves 16 projects in developer grants program PavingWay for Aggregated DeFi Future by BTC Wire. Singapore, July 24, 2024, Aggregated Rollupin for a Builder ZK-Link, today announced the recipients for Phase 1 of its Ecosystem Developer Grants Program, a $20 million ZKL grants program aimed at stimulating the growth of its aggregated DeFi ecosystem. The program, which received over 100 applications, had approved 16 projects for financial and marketing support to build on ZK-Link Nova, the industry's first aggregated Layer 3 roll-up

network. Running from March 11 to July 20, 2024, Phase 1 had earmarked 10 million Zekul tokens for its recipients. The grant recipients in Phase 1 include Oku Trade, Redstone, HoldStation, Solve Protocol, Snapshot, NovaSwap, POKT Network, LayerBank, Izumi Finance, AGX, Sturdy, Steered Protocol, Allspark, Protofire, Spherex and Chainnodes. Greater than Vince Yang, CEO at ZK Link, expressed his enthusiasm. We are thrilled to greater than announce the phase one recipients of our ecosystem developer grants program. Greater than these projects exemplify the outstanding dedication to cultivate a vibrant and greater than seamless aggregated DeFi ecosystem. Each recipient has demonstrated a greater-than commitment to

advancing aggregated solutions like ZK-Link Nova, driving greater-than-innovative change and inspiring others through their work. On ZK-Link Nova, DAPPs can access a unified Ethereum experience of aggregated assets from eight of Ethereum's broader Layer 2 roll-up ecosystems, such as Arbitrum, Optimism, Base, ZK-Sync, Linea, Scroll, Manta, and Mantle. Secured by zero-knowledge proofs and multi-chain state synchronization, ZK-Link Nova offers developers the opportunity to explore new interoperable DeFi primitives while benefiting from the lower gas costs of its aggregated Layer 3 ZK EVM network. Greater than. The grants program reflects our vision to seamlessly bridge Web 3 and Web 2 greater than together through industry collaboration.

We are excited to see how the grant greater than recipients will utilize this funding to further their projects and contribute greater than to the community, Yang added. Greater than, congratulations to all the winners, and thank you for your contributions. We greater than look forward to seeing the continued progress to unifying Layer 2s into one greater than interoperable platform. ZK-Link Ecosystem Developer Grants Program Phase 2 Phase 2 of the Ecosystem Developer Grants Program will commence on 24 July 2024 and conclude on 30 September 2024. The phase will build on the successes and lessons learned from Phase 1, ensuring that grant applicants will receive guidance, flexible funding mechanisms, and reduced decision-making times. The goal of Phase 2 is to support applications that are able

to positively impact the on-chain activity and user experience, UX, on ZK Link Nova. Protocols from diverse verticals, including but not limited to DeFi, meme projects, gaming, and AI are encouraged to apply. Special considerations will be given to open-sourced solutions and projects with a proven track record in either zero-knowledge, ZK, or optimism, op, roll-up networks. Phase 2 will also continue to support innovative protocols and encourage the deployment of native DAPPs on ZK-Link Nova. For more information about the ZK-Link Ecosystem Grants Program or to apply, visit website. About ZK-Link ZK-Link develops leading zero-knowledge blockchain solutions for the Ethereum ecosystem. Its flagship ZK-Link ZK-Link develops leading zero-knowledge blockchain solutions for the

Ethereum ecosystem. Its flagship ZK-Link Nova is the industry's first aggregated Layer 3 ZK-EVM rollup network built on top of Ethereum and Ethereum Layer 2 rollups, L2s. It is an EVM-compatible, open platform that allows for scattered assets across Ethereum Layer 2s to be aggregated for interoperable trade and transactions. It is secured by zero-knowledge-proof technology, charges extremely low gas costs, offers fast finality, and inherits its security from Ethereum. ZK-Link is funded by notable backers including Coinbase Ventures, Solana Ventures, SIG DTI, Arrington Capital, and others. Media contact. Neil at zclink.org.

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