Virtual Labs, a startup company focused on zero-knowledge technology development, announced that it has completed a $1.2 million Pre-Seed financing at a valuation of $20 million. OP Crypto led the investment, with Byzantine Marine, Koyamaki Ventures, NEAR Foundation, and several individual angel investors participating. Virtual Labs' main research direction is zero-knowledge ZK state channels. Its founder is a Yale University dropout who aims to use zero-knowledge technology to eliminate gas fees and cumbersome wallet interactions to enhance the Web3 user experience.