Lumoz Receives Investment From OKX Ventures


Lumoz, a remote provider of a modular compute layer and ZK-RaaS platform, 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 its development efforts.

Lumoz provides a platform, already utilized by Layer 2 ZK-Rollups such as ZKFair and BTC Layer 2 network Merlin Chain, to mitigate the high computing costs associated with zero-knowledge proof (ZKP) computation, offering a solution through its decentralized zkProver Network.

Lumoz is also gearing up to launch a suite of innovative products, including a new AI + PoW Chain, multiple ETH Layer 2s, a Layer 3 and BTC Layer 2, all slated for a Q3 release.