L2 blockchain ZKcandy completes $4 million financing, with participation from Animoca Ventures and others

ChainCatcher news, focusing on the L2 blockchain ZKcandy for games, has completed a $4 million financing round, with participation from Wemix Pte. Ltd., Animoca Ventures, Spartan Group, Perlone Capital, Presto Labs, Flowdesk, Prometheuz, Lecca Ventures, Efficient Frontier, and angel investors from projects such as Stacks, Analog, and Mittaria.

The funds will be used to build a Telegram-based EVM gaming ecosystem, collaborate with intellectual property holders, expand the partner network, develop game AI agents, and prepare for the mainnet launch in the first half of this year. ZKcandy is developed and operated by iCandy, with Lemon Sky Studios being a subsidiary of iCandy.

According to RootData, ZKcandy is a Layer 2 scaling solution for Ethereum that utilizes zero-knowledge proofs to accelerate transaction speeds and reduce costs. By processing off-chain transactions and leveraging Ethereum's security, ZKcandy enhances scalability, ensuring faster and more cost-effective transactions while maintaining compatibility with the Ethereum ecosystem.