The fund will target key areas such as Zero Knowledge Infrastructure, the emerging Bitcoin ecosystem, Consumer Applications, and DePin.
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“Irys is enabling precise attribution of data origin through proof of provenance,” states Lemniscap Founder and Managing Partner, Roderik van der Graaf.
This open-source solution addresses the vulnerabilities faced by Ethereum validators in the Proof of Stake network, protecting them from slashable offenses caused by software bugs and user errors.
The funds raised will be used to grow the company’s staff base and to accelerate the development of innovative privacy tools and protocols.
“The spirit of decentralisation at the heart of the Web3 movement has been undermined by limited access to scalable infrastructure,” states Gateway.fm Co-Founder and CEO, Cuautemoc Weber.
“The high cost of computation on existing blockchains significantly limits what can be built on-chain, and forces developers to choose between security and computation efficiency, ultimately leading to security issues,” states Monad Labs CTO, James Hunsaker.
Rysk Finance aims to resolve the complexity of DeFi derivatives market making and provide liquidity providers with higher returns per unit of risk taken.
“The future of Web3 is multichain. This means that transactions across multiple blockchains can and should be as easy and safe as those on a single chain,” states t3rn Founder and CTO, Maciej Baj.
SithSwap will leverage StarkNet’s advanced ZK-rollup technology for stableswaps with ultra-low slippage and near-zero gas fees.