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
[Initial Listing] Bitget Will List PrompTale AI (TALE). Come and grab a share of 3,480,000 TALE
New spot margin trading pair — LA/USDT!
AINUSDT now launched for futures trading and trading bots
Bitget releases June 2025 Protection Fund Valuation Report
Trending news
MoreCrypto prices
More
