The funding round led by Polychain Capital aims to make zero knowledge projects more decentralized, and easier to build, skesslr reports
The Ethereum research and development firm=nil; Foundation has raised $22 million to build out its Proof Marketplace, which will allow crypto protocols to outsource the production of zero-knowledge proofs.
The funding round, led by Polychain Capital, values=nil; Foundation, which started in 2018 as a research collective but has transitioned into a more traditional startup, at $220 million, according to a statement from the firm. “Proof Market, a trustless data accessibility protocol, enables Layer 1 and 2 blockchains and protocols to generate zero-knowledge proofs on demand for seamless data-sharing without reliance on centralized intermediaries,”=nil; explained in a statement obtained by CoinDesk.is increasingly common throughout the blockchain industry, with applications ranging from privacy and security to data compression.
The ZK marketplace, still in testing, is aimed towards democratizing the production of ZK proofs, making it easier for upstart ZK protocols to get going in a decentralized manner. Zero-knowledge technology has become a core component for countless crypto protocols, powering everything from Ethereum scaling solutions like
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