zkLink, the zero-knowledge Layer 3 infrastructure provider, announced the launch of a 20,000,000 $ZKL grant program to support developers building on zkLink.
The grant program fosters innovation and development “within the zkLink ecosystem by providing financial support to talented developers and teams working on projects that leverage zkLink’s technology.”
Grants will be awarded based on “the potential impact of the proposed projects, technical feasibility, and alignment with zkLink’s mission to advance privacy and scalability in blockchain technology.”
Vince Yang, Founder and CEO of zkLink, commented:
“We are thrilled to launch this grant program and to support the talented developers who are building the future of blockchain technology on zkLink. By providing resources and support, we aim to empower developers to unleash their creativity and drive innovation in the zkLink ecosystem.”
Developers can anticipate numerous benefits when building on zkLink, such as:
- Aggregated liquidity across Ethereum and Layer 2 blockchains without needing to bridge assets across chains
- Single point of deployment vs. having to deploy to each Layer 2 blockchain individually
- Comprehensive SDK for developers to easily build and deploy multi-chain dApps using APIs, without needing to understand the complex details of zero-knowledge proofs.
The application process will be “open from March 11, 2024 to June 11, 2024, and successful applicants will be notified via email by June 15, 2024.”
Additionally, zkLink had made “a second announcement stating that they plan to hold a multi-season community yield campaign, titled ‘Aggregation Parade’ to coincide with the upcoming mainnet launch of zkLink Nova.”
A further 10,000,000 $ZKL tokens have “been earmarked for minters of its upcoming Nova Lynks NFT collection during the first season of Aggregation Parade, slated for March 13, 2024.
The company had earlier pledged “in January 200,000,000 $ZKL tokens, or 20% of the total token supply, towards community development & rewards during its CoinList token sale announcement.”
Participants who bridge into the Nova L3 network “during this period will earn ‘Nova Points’, which can then be converted into ZKL tokens at a later date.”
zkLink plans to continue offering ‘Nova Points’ and to “hold subsequent Aggregation Parade ‘seasons’ in order to “drive user growth and participation for sustained ecosystem usage”, according to the announcement.
This campaign will also feature “the participation of notable Ethereum Layer 2s including zkSync, Linea, Arbitrum, Manta, Mantle and others.”
The zkLink Nova mainnet is scheduled to launch on March 11, 2024.
As noted in the update, zkLink clams it is “the first Aggregated Layer 3 zkEVM network developed for high performance ZK applications.”
It empowers developers to “build and connect DApps to any Ethereum Layer 2 ecosystem in minutes with inherited Etherum grade security.”
zkLink solves for liquidity fragmentation “with ZK Proofs and is now rapidly expanding its vast ecosystem to provide the best-in-class onchain UX for all developers and users.”
zkLink is funded by backers “including Coinbase Ventures, Solana Ventures, SIG DTI, Huobi Ventures, Efficient Frontier, and others.”
As mentioned in the announcement, zkLink Nova is “the Aggregated Layer 3 Rollup zkEVM network that brings unprecedented liquidity and asset aggregation to Ethereum and its Layer 2 Rollups.”
Built with ZK Stack and zkLink Nexus, it “leverages ZK Proofs to enhance scalability and security.”
Developers access an open platform “for deploying Solidity smart contracts and instantly tapping into integrated networks like Arbitrum and zkSync.”
Nova simplifies DeFi by presenting “a unified ecosystem for users and DApps, promoting a seamless blockchain experience.”
