zkCross Network Raises the Bar with Oversubscribed Seed, Public Rounds

6 min readSep 6, 2024

Big News for the $CROSS Fam!

We’re excited to share some thrilling developments as we move closer to our Public Sale. The momentum is building fast, and here’s where we stand:

1. Oversubscribed Strategic Round

We’ve successfully closed our Strategic Round with overwhelming support from leading investors like Blockchain Founders Fund, NxGen, Master Ventures, Foundership, MarsDAO, Mario Nawfal, International Blockchain Consulting, Green Light Equity and Cointelegraph have thrown their weight behind zkCross Network, recognising the potential to shake up the DeFi landscape.

2. Upcoming Public Sale — Get Ready!

The hype around our $2.6M Community Public Sale at $52.5M valuation is real. Interest is skyrocketing, and the public rounds are already fully subscribed across top IDO platforms like Paid Network, OpenPad, MOONSTARTER, BRC Starter, and Synapse Network.

This is your chance to be part of something huge, don’t miss this DeFi alpha!

3. Private Round — Filling up fast!

Our Private Sale round is currently in full swing, with allocations filling up fast, this is a prime opportunity for investors looking to get involved before our public sale. As we prepare for the final stages of our fundraising, we invite you to seize this chance to participate in zkCross Network’s journey to transform the DeFi landscape.

What Sets zkCross Network Apart ?

Backed by ICP, Partisia, Stellar, and other blockchain giants, zkCross Network is on a mission to redefine how liquidity flows across blockchains. With advanced Chain Abstraction infrastructure, we’re simplifying interacting with DeFi making it easier for everyone — from crypto novices to seasoned traders. Our crowdfunding campaign with Paid Network’s Ignition launchpad solidifies zkCross Network’s credibility, helping us win over industry giants and community believers alike.

Abstracting the Complexities of Defi through a Robust Infrastructure

Navigating the complexities in Defi can be daunting. From managing multiple blockchains to ensuring secure and efficient transactions, the challenges are significant. But there’s a way to simplify these complexities — an infrastructure that abstracts the intricacies of DeFi, making it more accessible and manageable. Here’s how it works:

1. Messaging System

The messaging system is key for smooth communication between different blockchains. Each blockchain has its own rules and processes. This system acts as a bridge, letting smart contracts on various chains work together safely and efficiently. It helps in cross-chain transactions, creating a seamless DeFi experience. Advanced cryptography keeps messages secure and authentic, cutting down on tampering or loss. The system is also built to handle lots of transactions, keeping things fast and reliable as the network grows.

2. Liquidity Aggregation

Liquidity aggregation brings together resources from different sources, like various blockchains and liquidity pools. This provides the best trading rates and reduces slippage. It’s crucial for smooth cross-chain transactions, which often suffer from fragmented liquidity. By combining resources, it ensures you get the best prices and minimal slippage. It also makes swapping assets between blockchains easy and efficient. Plus, it rewards users for adding liquidity, which strengthens the ecosystem.

3. Decentralised Protocols

Decentralised protocols are the foundation of zkCross Network. They enable interactions across blockchains without needing a central authority. Smart contracts handle all transactions, cutting out intermediaries and reducing fraud. Anyone can join the network without needing approval, which fosters innovation. Security is tight, thanks to cryptographic proofs and decentralised consensus, protecting your funds and data.

These elements work together to make zkCross Network a powerful and integrated solution for cross-chain DeFi.

Solving Fragmented DeFi with zkCross Network

Currently, 84.95% of DeFi value is concentrated in the top six blockchains, leaving liquidity and trading volume as major challenges. zkCross Network addresses this issue by providing DeFi chain abstraction infrastructure, unifying cross-chain DeFi and enhancing liquidity and user engagement.

At zkCross Network, we have engineered robust infrastructure designed to unify cross-chain DeFi operations. Our network serves as the central hub, bringing together key components like messaging systems, liquidity aggregation, and decentralised protocols. This infrastructure integration enables the development of comprehensive and user-friendly cross-chain decentralised applications.

For developers

zkCross Network helps developers accelerate cross-chain development by offering a unified infrastructure, equipped with comprehensive SDK and enhanced security. Enabling quick and efficient integration of cross-chain functionalities and fiat gateway capabilities into their dApps.

For users

zkCross Network simplifies DeFi with a secure and one-click cross-chain experience with user-friendly platform, integrated fiat gateway, and efficient liquidity management, making DeFi easy and accessible.

zkCross Network’s Chain Abstraction and its Benefits

Wallet Abstraction: Simplifies management by allowing users to interact with DeFi protocols using Web2 credentials like Gmail or social media accounts. Meanwhile zkCross Network handles wallet management behind the scenes.
Gas Abstraction: Automates gas fee management, eliminating the need for users to worry about fluctuating fees and calculations.
Universal Liquidity: Provides seamless cross-chain transactions and unified balances across any blockchain through Modular Nodes and a Decentralised Messaging Network.
Fiat On-Ramp: Integrates with Transak to enable easy fiat-to-crypto conversion with a bank card, simplifying access to DeFi assets.
Enhanced User Experience: Abstracts blockchain complexities, making interaction with dApps and digital asset management as easy as using modern web browsers.
zkCross SDK for Developers: Offers a toolkit to streamline the integration of cross-chain functionality into DApps, improving interoperability and blockchain connectivity.

The Road Ahead

We’re excited to share the progress of zkCross Network and the roadmap that lies ahead.

Phase 1: Non-EVM Blockchains
We’ve successfully launched zkCross Network on Hive, Tezos, and Partisia blockchains. During this phase, we implemented key features like gas abstraction, one-click swaps, and fiat on-ramps, reaching over 20,000 users.

Phase 2: EVM Blockchains Expansion
We are now transitioning to expanding to major EVM blockchains such as Arbitrum, Avalanche, BNB, Optimism, Polygon, Blast, and Base. This phase will enhance user experience through account and chain abstraction. Our goal is to grow our user base to over 90,000.

Phase 3: Community Growth & Engagement
Following our EVM expansion, this phase will kick off with engaging community initiatives. We will launch a clicker game, quests, and referral programs on Telegram, along with the introduction of the TON zkCross Exchange. This phase aims to increase our user base to 170,000+.

Phase 4: Bitcoin Ecosystem Expansion
We will integrate the Bitcoin ecosystem by enabling one-click Bitcoin token purchases with both EVM and non-EVM tokens. This phase will also include integrating fiat on-ramps and chain abstraction into the Bitcoin network, targeting 370,000+ users.

Phase 5: Real-World Asset (RWA) Integration
In this phase, we will focus on integrating Real-World Assets (RWAs) into our platform. We plan to launch RWA offerings with DeFi chain abstraction and open gateways for traditional assets in DeFi, aiming for 600,000+ users.

Phase 6: Community Blockchain Expansion

Finally, in Phase 6, we will deploy and reward efforts to expand zkCross Network across various blockchains. This will be governed by zkCrossDAO and is expected to bring our total user base to around 950,000.

Stay tuned for these exciting developments as we continue to advance zkCross Network’s capabilities and community engagement!

About zkCross Network

zkCross Network provides advanced chain abstraction infrastructure, enabling blockchains to streamline liquidity onboarding and user engagement.

By tackling cross-chain liquidity challenges natively at the blockchain level, zkCross Network simplifies DeFi access. Our unique approach bridges emerging and established blockchain ecosystems, driving innovation and mass adoption in decentralised finance.

Like Visa and Mastercard revolutionised the use of fiat by simplifying complex financial transactions, zkCross Network is transforming how you transact in DeFi.