zkLink Nova, a Layer 3 zero-knowledge rollup network constructed on Ethereum’s blockchain, has been introduced by zkLink.
The aggregation layer 3 zero-knowledge rollup network zkLink has introduced zkLink Nova. The network is constructed on top of the Ethereum blockchain and its Layer 2 rollups; it is compatible with the Ethereum Virtual Machine (EVM). It uses Nexus and ZK Stack to power its modular design. In order to aggregate native assets and liquidity across its linked networks, Nova uses ZK proofs.
Layer 3 ZK rollup networks like this one inherit Ethereum’s security and provide advantages like scalability and sovereignty.
Additionally, developers of decentralized applications (dApps) can use the Nova open platform to install Solidity smart contracts. This will grant them quick access to native assets and liquidity across many integrated networks, including Starknet, Arbitrum, zkSync, and Linea.
One cost-effective and capital-efficient way to develop decentralized applications (dApps) that obtain access to liquidity and native assets from many Layer 2 solutions is using Nova, which presents a method of using ZK proofs to access aggregated liquidity from Ethereum and Ethereum Layer 2 networks. Furthermore, the new network does not care about the stacks that other networks use and can connect to heterogeneous rollups that use a variety of stacks, such as Optimistic Rollups and ZK rollups, among others.
zkLink Reveals Plans to Launch Nova Mainnet
The unified multi-chain trading infrastructure of zkLink Labs, which was founded in 2021 and is protected with zk-SNARKs, allows for the creation of decentralized trading goods such as order book DEXs and non-fungible token (NFT) marketplaces.
A seed fundraising round of $8.5 million was raised by zkLink after its inception, with support from investors such as Republic Crypto, Arrington Capital, DeFi Alliance, and Huobi Ventures, among others. On March 8th, they intends to release the alpha version of the zkLink Nova mainnet. With the further development of its modular architecture, the new network is anticipated to fully decentralize.
With its revolutionary approach to blockchain-based liquidity aggregation, the launch of Nova marks a watershed moment in development.
