ZKM closes a $5M Pre-A funding round led by OKX Ventures to support the launch of its new Layer 2 network on the bitcoin blockchain.

The Layer 2 network aims to offer multi-chain interoperability and will use 'entangled rollups' for connecting multiple blockchain ecosystems.

OKX wallet now supports Bitlayer, a Layer 2 network using BitVM, allowing users to transfer assets and explore dApps within the Bitlayer ecosystem.

Bitlayer is the first Bitcoin Layer 2 network based on BitVM, designed to enhance scalability and interconnectedness.

The upcoming Bitcoin Asia conference in Hong Kong will feature the launch of the Bitcoin Layer 2 network.