ZKcandy Invests in Kroma to Fuel the Future of Web3 Gaming
Singapore, Singapore, November 4th, 2024, Chainwire
ZKcandy, a leading Layer-2 gaming zkChain born from a unique collaboration between iCandy Interactive, Southeast Asia’s largest game developer, and ZKsync, a leading Layer 2 (L2) Ethereum scaling solution, today announced a strategic investment in Kroma Network, a pioneering Layer-2 scaling solution built on the Superchain. This investment positions ZKcandy as a major shareholder in Kroma.
This strategic partnership demonstrates ZKcandy’s confidence in Lightscale’s innovative L2 blockchain solution, Kroma, and strengthens its commitment to accelerating Kroma’s growth and success within the Web3 gaming ecosystem.
“We are thrilled to partner with Kroma Network and support their vision for the future of Web3 gaming,” said Kin Wai, Founder and CEO of ZKcandy. “This investment aligns with our commitment to driving innovation and expanding the possibilities for gamers and developers.”
“We look forward to welcoming ZKcandy as a strategic partner and investor,” said Taekyu Park, Founder of Kroma. “Their involvement will represent a pivotal moment for Lightscale, one that will drive Kroma’s growth and help solidify its leadership in the Layer 2 blockchain space.”
Kroma Network has garnered significant attention for its innovative approach to Layer-2 scaling, leveraging the OP Stack and integrating Native Account Abstraction for enhanced efficiency and user experience. Its unique zkEVM-based fault-proof system further strengthens security and scalability.
This strategic partnership brings together two powerful forces in the Layer-2 gaming landscape. ZKcandy’s expertise in building and scaling games, combined with Kroma’s cutting-edge technology, will accelerate the development and adoption of immersive and engaging Web3 gaming experiences.
The investment in Kroma Network complements ZKcandy’s own rapidly growing ecosystem. With over 2.5 million wallets registered on its open testnet and a mainnet launch slated for the end of 2024, ZKcandy is poised to become a leading hub for Web3 gaming, with over 20 games already in the pipeline.
About ZKcandy:
ZKcandy is a layer-2 scaling solution built using the ZK-Stack by Matter Labs for Ethereum that utilizes zero-knowledge proofs to enable faster and more cost-effective transactions. ZKcandy is born from a unique collaboration between iCandy Interactive, Southeast Asia’s largest game developer, and ZKsync, a leading Layer 2 (L2) Ethereum scaling solution.
About Kroma Network:
As Asia’s leading Layer 2 solution built on the Superchain, Kroma is the first OP Stack rollup with an active fault-proof system utilizing zkEVM. Kroma 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.
Kroma plans to push for a gamified web3 experience backed by its strengths in gaming, consumer applications, the Asia market, and technical capabilities for true universal web3 adoption.