0G, formerly known as Zero Gravity, a company that offers Data Availability (DA) and storage solutions, received an investment from OKX Ventures.
The amount of the deal was not disclosed.
The company intends to use the funds to expand operations and development efforts.
Led by CEO Michael Heinrich, 0G Labs provides Data Availability (DA) and storage solutions that bridge the gap between Web2 and Web3 data speeds and costs, enabling new use cases such as on-chain AI, on-chain gaming, and high-frequency DeFi. 0G’s modular stack is a layer 1 design that allows for settlement on all leading L1s such as Ethereum and execution on leading layer 2s or app chains. Its architecture supports horizontal scaling, offering the fastest DA with a throughput of 50GBs per consensus layer.
FinSMEs
26/03/2024