# SPACEFI Discription

By [Materad](https://paragraph.com/@materad) · 2023-03-19

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SpaceFi is a cross-chain web3 platform on Evmos and zkSync, with DEX+NFT+Starter+Spacebase as initial product. [Its ultimate vision is to connect Cosmos and Ethereum Layer2 ecosystem, exploring assets cross-chain and interoperability solutions1](https://space-finance.medium.com/).

SpaceFi will first fully launch on Evmos mainnet, and then on zkSync mainnet, aimed to connect Evmos and layer2 (Cosmos and Ethereum). As in the proposal, SPACE / EVMOS is one of the incentivized pairs. [They will launch the IDO of SPACE token in the community, a fair launch for all members2](https://space-finance.medium.com/spacefi-ido-on-evmos-and-zksync-02-15-706e8ac84b42).

SpaceFi is building on Evmos and zkSync by offering low gas and fast transactions, without compromising on security. It’s a scaling and privacy engine for Ethereum, based on zero-knowledge proof technology. [In the first step, SpaceFi will start from DEX+NFT+Starter+Spacebase, aiming to be an engine in Evmos ecosystem](https://space-finance.medium.com/what-is-spacefi-building-on-evmos-a2f6c416bea0).

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*Originally published on [Materad](https://paragraph.com/@materad/spacefi-discription)*