Telos has received a $1 million strategic investment from Presto Labs.

The funds will be used for the development of Telos' new SNARKtor-powered Ethereum Layer 2 zkEVM network. Additionally, the investment will support the growth of SNARKtor Labs, Telos' Hong Kong-based business unit focused on advancing Telos' ZK-proving technology infrastructure.

#telos #Prestolabs #Presto #zkevm #SNARK