ZKcandy Raises $4M to Build Telegram-Based Gaming Ecosystem

• ZKcandy secures $4M in funding led by Wemix to create a Telegram-based EVM gaming ecosystem and launch its mainnet in 2025.
• Buenos Aires leverages zkSync with QuarkID for secure blockchain-based citizen identification, enhancing interoperability with Ethereum and Polygon.

ZKcandy, a gaming Layer 2 chain based on zkSync technology, has completed a $4 million private fundraising round. Wemix Pte. Ltd., led by noted contributions from Animoca Ventures, Spartan Group, and others, drove this financing.

The money is set aside for the first-ever Telegram-based EVM gaming environment, working with big intellectual property holders to hasten market adoption and producing innovative AI agents. The chain also wants to be ready for its first half of 2025 mainnet release.

Source: ZKcandy on Medium

ZKcandy: Momentum and Strategic Investments in Web3 Gaming 

Reflecting their strong origins in the gaming industry, well-known game producer iCandy runs ZKcandy in Southeast Asia. In just two weeks, ZKcandy registered over 2.4 million wallet creations and showed amazing momentum during its open testnet phase.

This milestone emphasizes the great interest and possibilities this Layer 2 chain offers in drawing in the gaming community. Using zkSync’s scalability and efficiency will help ZKcandy rethink how blockchain interacts with the gaming environment, hence increasing user accessibility and engagement.

Apart from its main innovations, ZKcandy has deliberately made investments in Kroma, another Layer 2 initiative constructed on Superchain technology. This cooperation stresses the strategic need of improving interoperability inside the ecosystem and the increasing connectivity among blockchain technology.

Such expenditures fit ZKcandy’s goal of creating a strong and varied Web3 gaming environment fit for both users and developers.

On the other hand, Buenos Aires is generating news for its innovative project using a blockchain-based system to transform citizen identity.

In February 2024, CNF notes that this solution guarantees improved security and privacy by use of zkSync technology applied through QuarkID. Emphasizing notable advances in technology interoperability and digital identity management, it easily links with Ethereum, Polygon, and Rootstock.

Meanwhile, ZkSync’s native token, ZK, is swapped hands at about $0.2217 as of writing; it has gained 6.74% over the last 24 hours and 15.51% over the last 7 days.