ZKcandy raises $4 million for gaming-focused Layer 2 series

ZKcandy announced today that it has closed a $4 million private funding round shortly after the open testnet phase for its gaming-focused Tier 2 series. During this phase, more than 2.4 million wallets were created in two weeks, proving the concept’s ability to reach and reach a wide audience. According to the company, it plans to use the funding to grow 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 angels and early shareholders, including Stacks, Analog, Mittaria, Xangle, and Trading Strategies.

ZKcandy, run by gaming company iCandy Interactive, is a gaming network that aims to help bring more games to the market. At present, the company has over 25 games in production, including one based on a popular licensed IP. It plans to use its funding to “build the first Telegram-based EVM gaming ecosystem,” expand its partner network as well as prepare for a mainnet launch in 2025.

“Securing this financing is a big step for us,” Lau Kin Wai, CEO of ZKcandy, said in a statement. Our goal is to make Web3 games more open and accessible to everyone. We want to bring the best games and other big IPs and create a space where users can enjoy seamless, safe and rewarding experiences. With the support of our investors, we will continue to build toward this vision.