October 18, 2024
Salus has launched ZEROBASE, a real-time ZK prover network, and secured $5 million in funding to develop a privacy-focused compute network for ZK applications. This initiative is supported by major investors such as Binance Labs, Lightspeed Faction, Dao5, Matrix Partners, IDG, Symbolic Capital, and others.
Project | Latest Raise | Latest Raise Date | Category |
|---|---|---|---|
ZEROBASE | $5M | October 18, 2024 | ZK |
Web3 services are expected to need around 90 billion ZK proofs by 2030, with a market capacity of 83,000 transactions per second. For comparison, the Visa network can handle up to 65,000 transactions per second. The market for generating ZK proofs is projected to reach $10 billion by 2030.
About ZEROBASE
ZEROBASE is a cutting-edge platform designed to provide real-time zero-knowledge (ZK) proof generation, ensuring privacy and transparency. It aims to address issues of inefficiency and confidentiality in ZK proof generation by offering a fast, privacy-preserving proof layer. This technology is foundational for various ZK use cases, extending beyond blockchain to ensure that privacy is a standard for everyone. Essentially, ZEROBASE is paving the way for a future where secure and private online transactions are the norm.
Website: http://zerobase.pro/
About Investor
Binance Labs, Lightspeed Faction, Dao5, Matrix Partners, IDG, Symbolic Capital, and others.
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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