The round was co-led by Web3.com Ventures and Foresight Ventures, with participation from Token Metrics Ventures, J17 Capital, Skyland Ventures, LD Capital, CatcherVC, and several other prominent investors who recognize the transformative potential of Ola’s vision.

Ola has embarked on a groundbreaking journey to redefine privacy in the Web3 ecosystem. By introducing programmable privacy and programmable scalability to Ethereum and other public blockchains, Ola aims to empower users with complete control over their on-chain data. This revolutionary approach paves the way for a new era of privacy-centric Web3 experiences, all made possible through the remarkable power of ZK-ZKVM.

The successful completion of the $3 million seed funding marks a significant milestone for Ola, reaffirming the crucial role of programmable privacy in the Web3 landscape. With this achievement, they are more determined than ever to accelerate its development efforts and expand its reach within the thriving Web3 community.

Ensuring Privacy as a Fundamental Right in the Digital Age

In recent years, the blockchain industry has experienced rapid growth. However, the infrastructure layer is still in its nascent stages, facing notable challenges such as low transactional throughput and the absence of privacy in public blockchains like Ethereum. The transparent nature of blockchains exposes on-chain information to all, giving rise to issues like MEV (Maximal Extractable Value) challenges, front-running and censorship attacks, and user data ownership problems. In response, various teams have dedicated extensive research to tackle these obstacles.

Early privacy platforms like Zcash, Monero, and Dash have provided limited private functions without programmability. However, the emergence of zero-knowledge technology has ushered in a new era of programmable privacy, which lies at the core of Ola’s approach, enabling developers to deploy any smart contracts — either public or private — based on their specific needs and preferences.

“Our ultimate goal is to make privacy a fundamental right in the digital age, especially for Web3 users. This investment will propel our mission to empower individuals to reclaim ownership of their digital lives while reaping the benefits of Web3 technology,” stated Ocean Chen (xb), CEO of Ola. “With Ola’s full-featured ZK-ZKVM, developers can harness the potential of privacy-centric applications that prioritize user control and data protection,” he added. — Ocean Chen (xb), CEO of Ola

Ola: Unleashing Programmable Privacy through ZK-ZKVM

What sets Ola apart from other privacy-focused solutions is its groundbreaking smart contract language, Ola-lang, and a comprehensive ZK-friendly virtual machine known as OlaVM.

“We deliberately designed a customized smart contract language, even though it presented challenges compared to a Domain Specific Language. Ola-lang offers higher abstraction, empowering developers to write smart contracts with arbitrary logic. Based on Ola-Lang, we developed a full-featured ZK-friendly virtual machine for enhanced system performance. Furthermore, our LLVM-based compiler ensures compatibility with advanced programming languages such as Solidity, Vyper, Rust, and more.” —Softcloud, CTO of Ola

ABOUT OLA

Ola is a ZKVM-based, privacy-focused, high-performance Layer 2 platform that was incubated by Sin7y Labs. It has a robust architecture that features programmable privacy, programmable scalability, and better developer compatibility. Ola is on a mission to help people gain complete control of their on-chain data and shape their own Web3 journey.

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RESOURCES

Sin7y

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The Oasys architecture offers a high-speed, gas-free experience that is ideal for developers, gamers, and fans who can participate in an immersive, barrier-free experience.

OASYX Collection

In January 2023, OASYX, the gaming blockchain Genesis NFT project will launch with 10,000 original characters. The PFPs will refer to a universe with aesthetics based on “Cyberpunk” and “Japan”.

OASYX’s inaugural NFT series is overseen by acclaimed former SEGA producer Yu Suzuki. A renowned video game pioneer best known for developing some of SEGA’s best arcade games, including the Virtua Fighter, Virtua Racing, and Shenmue franchises.

Utility

The OASYX NFT comes with many benefits for those who participate in the Collection. All owners will get a pass to the Oasys Gaming Ecosystem with access to over 10 exciting games, in-game benefits, and future collaborations with notable gaming projects as they join the Oasys Gaming Ecosystem.

OLA Community Benefit

They continue to bring the best and most promising Web3 projects to the Hispanic community. As well as they will also have the opportunity to participate in a draw for 100 NFTs. From the Collection that will be raffled among all the members of the community that participate.

OLA members who are part of the OASYX Collection will unlock exclusive benefits such as roles within OASYX. As well as being part of the $1,000,000 $OAS lottery.

To participate

1. Go to app.olagg.io/quests
2. Drive to the Mission by OasyX.
3. Fulfill the mission of following them on Twitter and you are already participating.
4. We will be announcing Winners on our social media.

About OasyX

OASYX is the first-ever NFT project minted on the eco-friendly gaming blockchain, Oasys’ Hub-Layer.
The project aims to create NFTs for the gaming community, making fun, interoperable experiences across games and metaverses build on Oasys.

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About OLA GG

OLA GG is the building the largest and most engaged Hispanic Blockchain Gaming community. By leveraging best in class Web3 products and Education.

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SOURCE: MEDIUM

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