Lumoz Raises Funding to Expand and Enhance Platform

Lumoz Receives Investment from OKX Ventures

Key Highlights:

• Investment: Lumoz, a remote provider of a modular compute layer and ZK-RaaS platform, received an investment from OKX Ventures. The amount of the deal was not disclosed.
• Expansion and Development: The investment will be used to expand operations and further develop Lumoz's platform and products.
• High Computing Costs Solution: Lumoz's platform offers a solution to mitigate the high computing costs associated with zero-knowledge proof (ZKP) computation through its decentralized zkProver Network.

Lumoz's Target Market

• Layer 2 ZK-Rollups: Lumoz's platform is already utilized by Layer 2 ZK-Rollups such as ZKFair and BTC Layer 2 network Merlin Chain.
• Ethereum (ETH) Ecosystem: Lumoz is launching multiple ETH Layer 2s and a Layer 3, targeting the Ethereum ecosystem.
• Bitcoin (BTC) Layer 2: Lumoz is also developing a BTC Layer 2 solution.

What Lumoz Needs to Buy

• Research and Development: Investments in research and development to enhance their modular compute layer and ZK-RaaS platform.
• Partnerships and Collaborations: Collaborations with Layer 2 ZK-Rollups, Ethereum projects, and Bitcoin Layer 2 networks to expand their customer base and ecosystem.
• Marketing and Branding: Marketing and branding services to increase awareness and adoption of Lumoz's platform and products.