Saturday, September 30, 2023
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions
  • en English
    ar Arabicbg Bulgarianzh-CN Chinese (Simplified)nl Dutchen Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanish
Crypto Miracles
Advertisement
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Dogecoin
    • Litecoin
    • Ripple
    • Altcoin
    • Press Release
  • Blockchain
  • People
    • Opinion
    • Interview
  • Business
  • Technology
  • Market
  • Analysis
  • Live Price
  • Regulation
  • Guide
No Result
View All Result
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Dogecoin
    • Litecoin
    • Ripple
    • Altcoin
    • Press Release
  • Blockchain
  • People
    • Opinion
    • Interview
  • Business
  • Technology
  • Market
  • Analysis
  • Live Price
  • Regulation
  • Guide
No Result
View All Result
Crypto Miracles
No Result
View All Result
Home Technology

=nil; Foundation raises $22M to build zk-proofs marketplace

January 19, 2023
in Technology
Reading Time: 3 mins read
0
=nil; Foundation raises $22M to build zk-proofs marketplace
Share on FacebookShare on TwitterPinShare on Reddit


  • =nil; Foundation has raised $22 million in a funding round led by Polychain Capital.
  • The firm will use funds to build a zero-knowledge proofs marketplace for Ethereum and L2s.
  • Apart from improving security and scalability, blockchains using =nil;’s Proof Market will not need centralised intermediaries

 =nil; Foundation, the zero-knowledge proofs research and development platform looking to build a proofs marketplace for Ethereum and L2s, has secured $22 million in a funding round that valued the firm at $220 million.

Polychain Capital led the funding round, with participation from top blockchain-focused venture firms including Blockchain Capital, Starkware, and Mina Protocol. The investment also attracted several angel investors, including Hasu.

A Proof Market for Ethereum and other public blockchains

The nil; Foundation, launched in 2018, will use the funds from the fundraise to boost the development of its zero-knowledge (ZK) Proof Market protocol, according to details shared via a press release on Thursday. Per the company, the funding will go into building solutions aimed at improving the security and scalability of Ethereum, other L1 blockchains and L2s.

A Proof Market will help provide industry players with a trustless and seamless protocol for sharing zk-proofs without having to rely on centralised intermediaries, the nil; Foundation noted in the announcement.

“Proof Market is now ready to ensure secure data transfer between Ethereum and public protocols, but that’s not the only thing that our team is aiming at,” Konstantin Lomashuk, co-founder of =nil; Foundation, said in a statement obtained by CoinJournal. He added:

“As the ecosystem grows, computations are getting heavier and more complex, thus posing a roadblock for effective and trustless interaction between Ethereum, L2s and other protocols. Creating a marketplace for computational powers that can prove any information will open new opportunities for the whole market, keeping it aligned with core blockchain principles,”

According to the nil; Foundation team, the market already has state proofs for Solana and Mina, while the same should be available on more blockchains soon. Industry players can now use the generated proofs to secure data exchange across Ethereum.

But a fully-fledged Proof Market will work as a zk-proof marketplace, allowing for further accessibility to proofs as blockchains eye more security and scalability.


Share this article

Categories

Tags



Source link

Related articles

NTT DATA to deploy a Horizen EON blockchain Certificate Signer Node

NTT DATA to deploy a Horizen EON blockchain Certificate Signer Node

September 28, 2023
Bitcoin could dip below $26k as Memeinator’s presale commences in a few hours

Bitcoin could dip below $26k as Memeinator’s presale commences in a few hours

September 26, 2023
Share2Tweet1PinShare
Previous Post

Bitcoin, Ethereum Technical Analysis: ETH, BTC Lower, US Retail Sales Slow – Market Updates Bitcoin News

Next Post

Saudi Arabia Open to Trading in Currencies Other Than US Dollar, Signaling a Shift Toward De-Dollarization – Economics Bitcoin News

Related Posts

NTT DATA to deploy a Horizen EON blockchain Certificate Signer Node

NTT DATA to deploy a Horizen EON blockchain Certificate Signer Node

by cryptomiracles
September 28, 2023

Key takeaways NTT DATA is deploying a Horizen EON blockchain Certificate Signer Node on the NTT DATA infrastructure. The node...

Bitcoin could dip below $26k as Memeinator’s presale commences in a few hours

Bitcoin could dip below $26k as Memeinator’s presale commences in a few hours

by cryptomiracles
September 26, 2023

Key takeaways The cryptocurrency market has been underperforming this week, with prices of most coins and tokens in the red...

Pancakeswap integrates with Transak to ease crypto purchases with fiat

Pancakeswap integrates with Transak to ease crypto purchases with fiat

by cryptomiracles
September 22, 2023

Key takeaways Pancakeswap has integrated with Transak for fiat onboarding on multiple chains. Users can now purchase cryptocurrencies with debit...

Uniswap launches an educational platform in conjunction with Do DAO

Uniswap launches an educational platform in conjunction with Do DAO

by cryptomiracles
September 21, 2023

Uniswap’s launch of Uniswap University, in partnership with the Do DAO underscores its commitment to user education and engagement. This...

AI

How AI Trading Could Change the Game – CoinJournal

by cryptomiracles
September 19, 2023

Investment and trading have come a long way in the last few decades. Online trading platforms and options democratized the...

Load More
Next Post
Saudi Arabia Open to Trading in Currencies Other Than the US Dollar, Signaling a Shift Toward De-Dollarization

Saudi Arabia Open to Trading in Currencies Other Than US Dollar, Signaling a Shift Toward De-Dollarization – Economics Bitcoin News

Blockchain Founders Fund leads $500K seed round for Koinos

Blockchain Founders Fund leads $500K seed round for Koinos

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions.

ten + fourteen =

Crypto Miracles

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics, and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency.

Categories

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Business
  • Dogecoin
  • Ethereum
  • Guide
  • Interview
  • Litecoin
  • Market
  • Opinion
  • Press Release
  • Regulation
  • Ripple
  • Technology
  • Uncategorized

Recent Posts

  • FTX Exploiter Transfers 5,000 ETH Ahead of Ether Futures ETF Launch
  • Ethereum ETF: Valkyrie Halts Purchase Of ETH Futures Contracts
  • Litecoin’s price halved in less than three months. Buying the dip is risky despite a small head and shoulders pattern forming.

Newsletter

    • About Us
    • Contact Us
    • Privacy Policy
    • Terms and Conditions

    cryptomiracles.com © 2021 All rights reserved.

    No Result
    View All Result
    • Home
    • Crypto News
      • Bitcoin
      • Ethereum
      • Dogecoin
      • Litecoin
      • Ripple
      • Altcoin
      • Press Release
    • Blockchain
    • People
      • Opinion
      • Interview
    • Business
    • Technology
    • Market
    • Analysis
    • Live Price
    • Regulation
    • Guide

    cryptomiracles.com © 2021 All rights reserved.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.