Flash News: OKX Announces Participation in Launch of Lagrange Labs' First Production-Ready ZK Prover Network

SINGAPORE, June 10, 2024 (GLOBE NEWSWIRE) — OKX, a leading Web3 technology company, has issued updates for June 10, 2024.

OKX Announces Participation in Launch of Lagrange Labs’ First Production-Ready ZK Prover Network

OKX today announced its participation in the launch of Lagrange Labs‘ (Lagrange) first production-ready Zero Knowledge (ZK) Prover Network. Industry giants such as Coinbase, Staked (a Kraken company), AltLayer, P2P and Ankr also took part in the launch.

Lagrange’s new Prover Network represents a considerable advancement in the accessibility of ZK, a powerful functionality that has traditionally been impeded by complex cryptographic requirements and the need for understanding circuits. Now, developers and protocols can harness the full potential of ZK without these typical barriers.

Involvement in the Prover Network further solidifies OKX’s position at the forefront of technological innovation in the Web3 space. OKX continues to explore and adopt new ways to enhance the growth of the Web3 ecosystem.

Last month, OKX announced its new role as an ‘Operator’ for EigenLayer, a protocol built on Ethereum that introduces restaking. With its new Operator role, OKX invites eligible users to delegate their ETH or liquid staking token (LST) to the OKX operator here. By doing so, users are actively participating in securing the EigenLayer network while potentially earning rewards.

For more information, please visit the OKX Support Center.

For further information, please contact:

Media@okx.com

About OKX

A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including:

  • OKX Wallet: The world’s most powerful, secure and versatile crypto wallet which gives users access to over 85 blockchains while allowing them to take custody of their own funds. The wallet includes MPC technology which allows users to easily recover access to their wallet independently, removing the need for traditional, ‘written down’ seed phrases. In addition, OKX Wallet’s account abstraction-powered Smart Account enables users to pay for transactions on multiple blockchains using USDC or USDT, and interact with multiple contracts via a single transaction.
  • DEX: A multi-chain, cross-chain decentralized exchange aggregator of 400+ other DEXs and approximately 20 bridges, with 200,000+ coins and more than 20 blockchains supported.
  • NFT Marketplace: A multi-chain, zero-fee NFT marketplace that gives users access to NFT listings across seven top-tier marketplaces including OpenSea, MagicEden, LooksRare and Blur.
  • Web3 DeFi: A powerful DeFi platform that supports earning and staking on about 70 protocols across more than 10 chains.

OKX partners with a number of the world’s top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival and Olympian Scotty James.

As a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology.

To learn more about OKX, download our app or visit: okx.com

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