ZKX, a Dubai-based decentralized finance (DeFi) startup helping users to have improved payment experiences with low gas costs has raised $4.5 million in its seed round funding to improve its operations.
- The fund will be used to further develop its open-source protocol, DAO funding and grow its platform, the startup claims.
- Founded in 2021, ZKX offers faster and cost-effective transactions as a decentralized finance platform and is built on StarkNet.
- It focuses on advancing scalability, addressing the challenges of centralized entities, reducing high gas fees, and improving user experience.
- StarkWare, Alameda Research, Amber Group, Huobi, Crypto.com, and others invested in the round.