ZKcandy announced today that it has closed a $4 million private equity funding round shortly after an open testing phase for its gaming-focused Layer 2 series. During this phase, more than 2.4 million wallets were created in two weeks, proving the concept's ability to both reach and be accessible to a wide audience. According to the company, they plan to use the funding to grow their ecosystem.
Investors in the round include Wemix Pte. Ltd., Animoca Ventures, Spartan Group, Perlone Capital, Presto Labs, Flowdesk, Prometheuz, Lecca Ventures, and Efficient Frontier. Other investors include angels and early donors, including Stacks, Analog, Mittaria, Xangle, and Trading Strategies.
ZKcandy, which is run by the games company iCandy Interactive, is a games network that aims to bring more games to the market. Currently, the company has more than 25 games in the pipeline, including one based on a popular licensed IP. They plan to use their funding to “build the first Telegram-based EVM gaming ecosystem,” expand their network of partners as well as prepare for a mainnet launch in 2025.
Lau Kin Wai, CEO of ZKcandy, said in a statement, “Getting this funding is a big step for us. Our goal is to make Web3 games more open and accessible to everyone. We want to bring in top games and other big IPs and create a place where users can enjoy smooth, secure and rewarding experiences. With the support of our investors, we will continue to build towards that vision.”
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