Virtual Labs, a ZK development company, has completed a $1.2 million Pre-Seed funding round with OP Crypto as the lead investor.

BlockBeats reported on October 24th that Virtual Labs, a ZK development startup, announced the completion of a $1.2 million Pre-Seed financing round with OP Crypto as the lead investor and Byzantine Marine, Koyamaki Ventures, NEAR Foundation, and several individual angel investors participating. Virtual Labs focuses on researching ZK state channels with the aim of using zero-knowledge technology to eliminate gas fees and cumbersome wallet interactions to enhance the Web3 user experience.