ZKcandy announced today that it has closed a $4 million private funding round shortly after the open testnet phase for its gaming-focused Layer 2 chain. During this phase, more than 2.4 million wallets were created in two weeks, proving the concept’s ability to reach and be accessible to a wide audience. According to the company, it plans to use this funding to expand its ecosystem.
Investors in the round include Wemix Pte. Ltd., Animoca Ventures, Spartan Group, Perlone Capital, Presto Labs, Flowdesk, Prometheuz, Lecca Ventures and Efficient Frontier. Other investors include angel investors and early backers including Stacks, Analog, Mittaria, Xangle and Trading Strategies.
ZKcandy, which is operated by gaming company iCandy Interactive, is a gaming network that aims to help bring more games to market. Currently, the company has more than 25 games in the works, including one based on a popular IP license. It plans to use its funding to “build the first Telegram-based EVM gaming ecosystem,” expand its partner network, and prepare for the mainnet launch in 2025.
Lau Kin Wai, CEO of ZKcandy, said in a statement: “Securing this funding is a big milestone for us. Our goal is to make Web3 gaming more open and accessible to everyone. We want to integrate the best games and other big IPs and create a space where users can enjoy smooth, secure and rewarding experiences. With the support of our investors, we will continue to build towards this vision.
