What does Skale Labs do?

SKALE Labs is a blockchain technology company based in San Francisco, founded in 2018. The company develops the SKALE Network, a multichain platform designed for high-performance decentralized applications (dApps) across various sectors, including gaming, AI, DeFi, and NFTs. The SKALE Network features zero gas fees, instant finality, and unlimited scalable chains, addressing Ethereum's scalability challenges. Led by CEO Jack O'Holleran and CTO Stan Kladko, SKALE Labs has integrated over 20 blockchains into its network and utilizes a Proof of Stake consensus mechanism. The platform offers SKALE Chains, which are independent, configurable sidechains that developers can deploy quickly. Key features include on-chain file storage, AI/ML smart contracts, and interoperability with Ethereum. The native SKL token is used for staking, governance, and network payments. SKALE Labs also provides developer tools and grant programs to support the dApp ecosystem.