OKX Ventures announced additional investment in Taiko, a decentralized Type-1 ZK-EVM on Ethereum's layer 2 network.Since 2022, Taiko has been at the forefront of innovation, successfully conducting six testnets, with over 1.1 million unique wallets, more than 30,000 proposers, and over 14,000 validators. The active community members on Discord exceed 850,000, supporting over 100 real-time applications. Taiko plays a critical role in scaling Ethereum and building decentralized, permissionless, and secure layer 2 architecture.Dora, the founder of OKX Ventures, said that she is honored to participate in Taiko's series A financing based on zkRollup's Ethereum layer 2 network. OKX Ventures has participated in Taiko's two rounds of financing so far and congratulates Taiko on its growth over the past year. Taiko continues to follow its original goal of building a fully decentralized network with decentralized sorters and validators, allowing developers to deploy to the Taiko network without modifying existing dApps using the powerful features of Ethereum L1. Taiko will launch its mainnet in the first half of 2024, entering the next milestone and welcoming explosive growth in its ecosystem.

Bitget Wallet (formerly BitKeep Wallet) has added support for the Taiko Alpha-6 testnet Katla and plans to connect as soon as possible after the Taiko mainnet goes live. Users can now customize and add the Taiko test network for token addition and transfer on the Bitget Wallet mobile app and browser plugin. Bitget Wallet has been actively expanding its support for Layer2 new public chain ecology, providing users with a convenient Layer2 ecological interaction experience.Taiko is an Ethereum Layer2 network based on zkRollup that uses zero-knowledge extended virtual machine (zkEVM).

Taiko, an Ethereum Layer 2 project based on zkRollup, has launched its final test and released Katla. Its mainnet is expected to go live at the end of the first quarter of 2024. Katla is Taiko developers' sixth Taiko testnet and introduces a new rollup design called a multi-proof-based competitive rollup. This combines elements of Optimistic and ZK-rollups and is expected to benefit decentralized applications that require high throughput and cost efficiency. Taiko Labs raised $22 million through two rounds of financing earlier, with the first round being a $10 million seed round led by Sequoia China in 2022 and the second round being a $12 million Pre-A round led by Generative Ventures in 2023.