ZKcandy announced today that it has closed a $4 million private funding round shortly after the open-testnet phase for its Layer 2 gaming-oriented chain. During this phase, more than 2.4 million wallets were created in two weeks, proving the concept’s ability to reach and be accessible to a wide audience. According to the company, it plans to use the funding to develop its ecosystem.

Investors in the round include Wemix Pte. Ltd., Animoca Ventures, Spartan Group, Perlone Capital, Presto Labs, Flowdesk, Prometheuz, Lecca Ventures, and Efficient Frontier. Other investors include angels and early contributors, including Stacks, Analog, Mittaria, Xangle, and Trading Strategies.

ZKcandy, operated by game company iCandy Interactive, is a game network that aims to help bring more games to market. Currently, the company has more than 25 games in its pipeline, including one based on a popular licensed IP. It plans to use its funding to “build the first EVM gaming ecosystem based on Telegram,” expand its network of partners as well as prepare for the mainnet launch in 2025.

Lau Kin Wai, ZKcandy CEO, said in a statement, “Securing this funding is a big step for us. Our goal is to make Web3 gaming more open and accessible to everyone. We want to bring the top games and other great IPs and create a space where users can enjoy smooth, safe, and rewarding experiences. With support from our investors, we will continue to build on that vision.”