The general zero-knowledge proof platform ZKM has completed a $5 million Pre-A round of financing, led by OKX Ventures

ChainCatcher news, according to The Block, the general zero-knowledge proof platform ZKM has completed a $5 million Pre-A round of financing and is preparing to launch a Bitcoin-based Layer 2 network, led by OKX Ventures, with participation from Amber Group, Metis Foundation, Crypto.com, and others.

It is reported that ZKM is a network based on zero-knowledge proofs, aimed at unifying blockchains and creating a settlement layer on Ethereum. As part of these efforts, ZKM is developing a special transaction processing network called "entangled rollups," starting with the upcoming L2, which the project claims is built on the Bitcoin blockchain.