Kroma Secures Strategic Investment From ZKcandy

Singapore, [October 24, 2024] Kroma is proud to unveil ZKcandy has entered into definitive agreements to become our newest strategic investor and partner. This partnership will mark an exciting new phase for Kroma as ZKcandy will assume the role of major shareholder, currently held by WEMIX Pte., after closing takes place.

\ ZKcandy is a unique collaboration between iCandy Interactive, Southeast Asia’s largest game developer, and ZKsync, a leading Layer 2 (L2) Ethereum scaling solution. iCandy boasts over 650 full-time employees and has developed more than 300 mobile games, with over 400 million downloads worldwide.

\ ZKcandy, operating a Layer 2 gaming zkChain, has already shown tremendous early success, registering over 2.5 million wallets within two weeks of its open testnet launch. ZKcandy is set to launch its mainnet by the end of 2024, with over 20 games already in the pipeline.

\ This strategic partnership demonstrates ZKcandy’s confidence in Lightscale’s innovative L2 blockchain solution, Kroma, and strengthens their commitment to accelerating Kroma’s future growth and success.

\ Kroma, built on the Superchain, is advancing the OP Stack, improving the security and efficiency of blockchain transactions. By integrating Native Account Abstraction, Kroma reduces gas fees and simplifies the user experience for both developers and end-users. Kroma is also the first OP Stack rollup featuring a ZK fault-proof system powered by the Tachyon library, which accelerates ZK proof generation while reducing costs, offering unmatched scalability without compromising security.

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"We look forward to welcoming ZKcandy as a strategic partner and investor," said Taekyu Park, Founder of Kroma. "Their involvement will represent a pivotal moment for Lightscale, one that will drive Kroma’s growth and help solidify its leadership in the Layer 2 blockchain space."

\ With ZKcandy’s backing, as well as continued support from partners like SK Planet, Xangle, and Hexlant, Kroma is well-positioned to expand its influence across gaming, DeFi, and NFT sectors, driving the future of secure and scalable decentralized applications.

As Asia’s leading Layer 2 solution built on the Superchain, Kroma is the first OP Stack rollup with an active fault proof system utilizing zkEVM. \n Kroma will transition to a universal ZK Rollup once the generation of ZK proofs becomes more cost-efficient and faster — using its original modular ZK backend library, Tachyon.

\ Kroma plans to push for gamified web3 experience backed by its strengths in gaming, consumer applications, Asia market, and technical capabilities for true universal web3 adoption.

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