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- OKX is collaborating with Polygon Labs to launch a brand new ZK-powered layer 2 community.
- X1 will develop into OKX’s native community and utilise OKB for fuel charges.
- OKX additionally joins different platforms as a core contributor of the Polygon CDK.
OKX and Polygon Labs are collaborating on a brand new zero knowledge-powered layer 2 community, whose testnet was introduced at present.
The Ethereum-based ZK community is constructed utilizing the Polygon Chain Improvement Equipment (CDK) and utilise the native OKX token OKB for fuel charges. X1 turns into OKX’s new native community, the agency mentioned in an announcement.
📣 Sizzling Off The Press 📣
We’re thrilled to introduce #X1, our new Ethereum L2 community constructed on Polygon’s CDK.
Our landmark collab. with @0xPolygonLabs empowers subsequent gen. devs. with elevated safety, scalability & low transaction prices to BUIDL the way forward for Web3.
— OKX (@okx) November 14, 2023
OKX turns into core contributor to Polygon CDK
As a part of the partnership, OKX turns into a core contributor to the Polygon CDK. Aside from that, the crypto change will make investments its engineering assets in growing “the expertise stack for Ethereum scaling options.”
“X1 might be a key pillar of our efforts to coach and convey our customers on-chain and into the world of Web3. This scalable and accessible community is ideal for builders, who can construct on X1 to ship user-friendly world-class client Web3 purposes, all whereas sustaining interoperability with different networks and ecosystems,” mentioned Jason Lau, OKX’s chief innovation officer.
“By collaborating with Polygon Labs, we glance to deliver extra builders, extra use instances, and finally the mass adoption of Web3,” he added.
Polygon Labs unveiled the Polygon CDK for ZK-powered L2 chains on Ethereum in late August, promising builders and enterprises extra scalability and unified liquidity.
A number of the blockchain platforms and companies seeking to faucet into the expertise embrace Astar, Canto, Gnosis Pay, and IDEX.