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Kakarot zkEVM
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Rewards
Rewards
TBA
Past rewards
$800 $15,000
Details
Minimal cost
Free
Time required
5 min.
Category
Testnet
Rating
5/10
Risk
Low
Kakarot zkEVM is a project built on Starknet, one of the most hyped and anticipated blockchain.
It uses the concept of zero-knowledge Ethereum Virtual Machine (zkEVM) using the Cairo programming language. The goal is to provide developers with improved scalability for building smart contracts, combining the benefits of Ethereum's network effects and the scalability of StarkNet and zero-knowledge proofs.
The development team has expertise in web3, software development, full stack, and AI (IBM, Polygon, HandsAI, BNP)
The project's funding details are relatively unknown, with the first pre-seed round potentially indicating a smaller investment. However, Vitalik Buterin, founder of Ethereum, invested in their company.
Overall, Kakarot zkEVM offers development in the cryptocurrency space, aiming to enhance scalability and usability for smart contract applications.
Pros & Cons
Why is it worth it?
Investors
Vitalik Buterin invested in Kakarot zkEVM, which is a green flag about the project
Starknet Ecosystem
Starknet is one of the most awaited ecosystem, and Kakarot zkEVM might benefit from their hype.
Promising Tech
The project propose a promising technology that should bring a lot of participant. The team might decide to do an airdrop to bootstrat its ecosystem.
Risks to consider
Unknown funding
Kakarot zkEVM received a pre-seed funding from key actors in the Blockchain world (Vitalik Buterin, Starkware, Lambda Class, Nicolas Bacca of Ledger) but the amount remains unknown.
How to participate?
Kakarot zkEVM is a young project from experienced developers. They are building a useful product for developers for them to benefit from advantages from Ethereum and Starknet scalability.
It’s a young project, with technological advantages (scalability, ease of use, cost efficiency, interoperability).
It is worth taking part in the activities as right now only social media activities are available and it’s totally free, and keep an eye on the development.