zkTube Labs Closes $15 Million in Financing

TokenInsight reports that ZkTube, the ZK-Rollup-based Ethereum Layer2 protocol, has announced the closing of a $15 million funding round led by Singapore's Dash Foundation and followed by OneUni Capital, Amplio Capital (Bitmart), Chainfir Capital, YFund, and July Capital. , YFund and July Capital, among others. The agreement aims to improve the congestion and high Gas fees of the Ethernet network. It is reported that the funding round will be used for zkTube mainnet operations, mining, and Layer2 ecosystem construction. Meanwhile, its token $ZKT will also be announced to go live in the near future.