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=None; The Foundation, a zero-knowledge proofs R&D platform aiming to build a proof marketplace for Ethereum and L2, has secured $22 million in a funding round.
Polychain Capital led the funding round, with participation from top blockchain-focused venture firms including Blockchain Capital, Starkware and Mina Protocol. The investment has also attracted multiple angel investors, including Hasu.
Zero; The Foundation, which launched in 2018, will use funds from its fundraising to accelerate the development of the Zero Knowledge (ZK) proof market protocol, according to details shared in a press release on Thursday. According to the company, the funds will be used to build solutions aimed at improving the security and scalability of Ethereum, the rest of his L1 blockchain, and L2.
Proof Market will help provide industry players with a trustless and seamless protocol for sharing zk proofs without relying on a centralized middleman, nil. The foundation noted in a statement.
“Proof Market is ready to guarantee secure data transfer between Ethereum and public protocols, but our team is aiming for much more.=nil; co-founder Konstantin Romashuk Foundation said in a statement obtained coin journal.he added:
“As the ecosystem grows, computation becomes heavier and more complex, impeding effective and trustless interaction between Ethereum, L2, and other protocols. Creating a marketplace of computing power that can prove any information opens up new opportunities across the market and is consistent with the core principles of blockchain.,”
According to the Zero; Foundation team, there are already Solana and Mina state proofs on the market, but the same should be available on more blockchains soon. to secure data exchange across Ethereum.
However, the full-fledged proof market will act as the zk proof marketplace, allowing even more access to proofs as blockchains focus on more security and scalability.
