OKX Expands Its ZK Layer 2 Ecosystem
OKX, a prominent player in the Web3 sphere, is aggressively broadening its Ethereum-driven Zero Knowledge (ZK) Layer 2 ecosystem. The company’s test network recently welcomed eight new projects, underscoring its flexibility and promise in a secure testing environment.
New Projects Overview
The latest additions to the OKX Layer 2 testnet feature a diverse mix of initiatives: Relation, Entangle, Layer3, DMC, Everest Ventures Group, KEOM, FBPay, and Wanchain, all of which will assist OKX in showcasing the network’s potential capabilities.
Project Highlights
- Relation: Focuses on representing social interactions within the Web3 space.
- Entangle: Offers a customizable and interoperable data framework for institutional needs and Web3 applications.
- Layer3: Enhances user interaction by providing a platform for engaging experiences.
- DMC: Aims to deliver a decentralized blockchain platform for stable storage solutions.
- Everest Ventures Group: Known for incubating and funding Web3 projects, introduces KEOM, a suite of AI-boosted trading tools that utilize ZK proofs to enhance efficiency and security.
- FBPay: Serves as a streamlined gateway for quick cryptocurrency transactions.
- Wanchain: Provides a sustainable Proof-of-Stake Layer 1 blockchain solution that ensures decentralized interoperability across various blockchain platforms.
Layer 2 Testnet Details
Launched in November 2023, OKX’s Layer 2 testnet has attracted interest from over 170 projects, establishing itself on the most recent version of the Polygon Chain Development Kit (CDK). This infrastructure assures users of solid security and scalability while keeping transaction fees low.
Importantly, its compatibility with Ethereum enables the seamless development of decentralized applications (DApps) employing the Ethereum Virtual Machine (EVM).
Conclusion
Positioned as a leading native network, OKX’s Layer 2 aims to afford users and developers access to the expansive realm of blockchain ecosystems. This cutting-edge protocol is crafted to meet the demands of innovators, builders, and community members within the Web3 landscape.
In addition to the testnet, OKX offers a robust array of services including a decentralized wallet, an exchange (DEX), an NFT marketplace, and Web3 DeFi solutions for staking across approximately 70 protocols spanning over ten blockchain networks. The inclusion of the eight new projects into the Layer 2 testnet stands to amplify OKX’s ability to demonstrate the flexibility and capabilities of its Zero Knowledge Layer 2 technology.
