Telos Announces $1 Million Strategic Investment from Presto Labs
On May 8th, Telos announced that it has received a strategic investment of $1 million from Asian venture capital firm and liquidity provider Presto Labs. This investment marks the beginning of a long-term partnership between Telos and Presto Labs, and the funds will be used to develop Telos' Ethereum Layer2 zkEVM network based on SNARKtor. This funding will also help incubate the development of SNARKtor Labs, Telos' business unit in the Hong Kong region that focuses on accelerating Telos' ZK proof technology infrastructure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Solana ETF Filing by Fidelity Boosts Market Optimism
Congress Concerns Elon Musk’s DOGE Impact on Federal Employment
Fidelity Introduces Ethereum-Based Tokenized Treasury Fund
Trump Memecoin Surge: $400 Million Boost from Social Media
Trending news
MoreCrypto prices
More
