The Telos Foundation today announced a new alliance with Atka, aimed at helping Telos build its presence in France and across Europe, according to a post on X.
TakeAway Points:
- The Telos Foundation has revealed a strategic partnership with Atka to further establish its presence in France and throughout Europe.
- It believes that this is the best time to enter into a strategic collaboration with Atka because of recent catalysts at Telos and in the larger Web3.
- The two organisations have already started preparing a variety of initiatives and work streams that will assist in raising awareness of Telos in Atka’s home market of France.
Telo’s Foundation’s New Alliance with Atka
The Telos Foundation has announced a new alliance with Atka, a Paris-based Web3 incubator, to further establish its presence in France and throughout Europe, as well as provide initiatives inside the Telos ecosystem with access to additional funding and networking opportunities.
Telos EVM and Telos Zero make up the company’s present technological infrastructure, including the new zkEVM gaming sidechain, K2-18, is being developed and set to be released later this year. Additionally, Telos recently developed SNARKtor, a scalable and reliable protocol for decentralised recursive proof aggregation that combines several proofs from various transactions into a single, unique proof.
Since its founding in 2018, Atka has played host to several prosperous cohorts, including ground-breaking initiatives like Mangrove, PlayMakers, and Morpho, whose Lending Optimizer has generated over $2 billion USD in TVL. Most recently, Morpho Blue, a lending platform with unmatched efficiency and flexibility, was introduced.
According to the report, the Telos Foundation hopes to expand on a very successful recent growth cycle that has seen the hiring of CEO Lee Erswell, Head of Gaming Justin Edwards, Executive Director John Lilic, and Ambassador Ana Ojeda for Latin America. And this new alliance will help them achieve this goal.
“Telos is exactly the kind of protocol we want to introduce into our network due to its robust technical infrastructure, talented team, supportive community, and the strong momentum it has already built. Both of our organizations are incredibly excited about what we can accomplish through this new alliance,”
Pierre Laurent, one of Atka’s 3 co-founders said.
The report highlights that the project at Telos has been steadily onboarding developer partners to its ecosystem, which currently comprises about 100 dApps and has recently exceeded $100 million USD in TVL, in addition to the recent major hiring they made.
Moreover, the Telos Foundation believes that this is the best time to enter into a strategic collaboration with Atka because of recent catalysts at Telos and in the larger Web3.
“It’s time to take Telos to the next level as far as cementing its role as one of the strongest, most capable networks on the planet. Partnering with Atka can help us significantly improve our ecosystem while simultaneously expanding awareness of Telos in both retail and investment communities across Europe.”
Executive Director John Lilic said.
Telo Future Projection
Meanwhile, in addition to connecting investors seeking high-growth prospects with suitable Telos-based businesses, the two organisations have already started preparing a variety of initiatives and work streams that will help raise awareness of Telos in Atka’s home market of France.
About Telos
Telos is a decentralised blockchain ecosystem best known for its lightning-fast Telos Zero consensus layer and its top-notch Ethereum Virtual Machine (EVM).With the revolutionary Zero Knowledge (ZK) technology, Telos is currently extending its capabilities in order to improve privacy and scalability for worldwide use cases.
Also, Telos is committed to advancing and broadening the potential of Web3 technology by working to provide a more efficient and inclusive future for decentralised applications. The Telos Foundation, an ownerless organisation committed to developing the Telos blockchain network and its community, is in charge of Telos.
