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Blockchain Scaling Infrastructure Provider Lumoz Completes Token Funding at $120 Million Valuation

Lumoz (formerly Opside), a blockchain expansion infrastructure project, has raised $6 million in pre-Series A funding with a valuation of $120 million. Investors in this round include OKX Ventures, HashKey Capital, KuCoin Ventures, Comma3 Ventures, Kronos Ventures, Kernel Ventures, and Polygon co-founder Sandeep Nailwal.

OKX Ventures announces investment in Lumoz, a modular computing layer and ZK-RaaS platform

OKX Ventures announced an investment in Lumoz. Lumoz is a decentralized ZK-RaaS platform that allows any user to generate customized zkEVM application chains without coding through its no-code ZK-Rollup Launchbase. At the same time, Lumoz provides underlying computing power for general ZKP calculations through the Decentralized Prover Network. Dora, the founder of OKX Ventures, said that Lumoz's positioning combines ZK-RaaS and DePIN, providing low-cost and convenient ZK-Rollup deployment capabilities. OKX Ventures sees its progress in the ZK-RaaS field and Prover technology, and this investment will help Lumoz accelerate the development and technological innovation of the modular computing layer and ZK-RaaS platform.