SKALE operates on the Ethereum Network and is actively deploying procedures to solve Ethereum’s scalability problems. Currently, SKALE (the only Multichain Layer 2 Ethereum Network) has 2 million token holders and 10,000 daily active engaged community members who have staked over a billion dollars in the network. They are also backed by the likes of the Winklevoss brothers to the tune of over $30 million.
In the past year, SKALE Labs introduced their IMA Bridge and announced 10+ partnerships/projects that have or will be live on their mainnet in the near future. Most recently, they announced that they will be building a cross-chain NFT platform with NFTrade as the first fully integrated secondary NFT market on the SKALE Network.