Gate Ventures, the venture capital arm of cryptocurrency exchange Gate.io, has announced a strategic investment in Scroll. Scroll is a native zkEVM Layer 2 solution for Ethereum, enabling native compatibility with existing Ethereum applications and tools.

Scroll was founded by veterans with deep expertise in zero-knowledge research and scaling businesses. Its mission is to address existing limitations faced by the Ethereum network, including low transaction volume (per second) and high miner fees paid via zkRollups. Solving these issues will greatly improve the user experience of working with/using Ethereum and Dapps, and allow the network to scale faster.