- = nil The foundation raised $22 million in a funding round led by Polychain Capital.
- The company will use the funds to build a proof-of-no-know marketplace for Ethereum and L2s.
- Apart from improving security and scalability, blockchains with =nil; Proof Market will not need centralized brokers
=None The Enterprise, a zero-knowledge proof R&D platform looking to build a proof-of-consumer marketplace for Ethereum and L2s, has secured $22 million in a funding round that valued the company at $220 million.
Polychain Capital led the funding round, with participation from the largest blockchain-focused venture firms including Blockchain Capital, Starkware and Mina Protocol. The investment has also attracted several angel investors, including Hasu.
Proof marketplace for Ethereum and other public blockchains
None The foundation, which launched in 2018, will use funds from the fundraiser to further the development of a zero-knowledge (ZK) proof-of-market protocol, according to details shared via a press release Thursday. According to the company, the funding will go towards building solutions aimed at improving the security and scalability of Ethereum, other L1 blockchains and L2s.
Evidence Market will help provide industry players with a seamless and unreliable protocol for sharing zk proofs without having to rely on central middlemen, nil; The institution referred to in the advertisement.
“The Proof Market is now ready to ensure the secure transfer of data between Ethereum and public protocols, but that’s not the only thing our team aims for.,” Konstantin Lomashuk, co-founder of the =Nothing Foundation said in a statement obtained CoinJournal. he added:
“As the ecosystem grows, the computational processes become heavier and more complex, which poses an obstacle to the efficient and unreliable interaction between Ethereum and L2s and other protocols. Creating a market for computational powers that can prove any information will open up new opportunities for the entire market, making it compatible with the basic principles of blockchain.“,”
according to zero. Enterprise team, the marketplace already has official proofs for Solana and Mina, while the same should be available on more blockchains soon. Industry players can now use the proofs created to secure the exchange of data across Ethereum.
But the full proof market will act as a zk-proof market, allowing proofs to be accessible as the blockchain looks to gain more security and scalability.