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/
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About Investor
Binance Labs, Lightspeed Faction, Dao5, Matrix Partners, IDG, Symbolic Capital, and others.
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