Gevulot, a blockchain focused on zero-knowledge proofs, has completed a $6 million seed funding round. The round was led by Variant and included participation from RockawayX, Volt Capital and Staking Facilities, as well as individual backers such as Marc Boiron, CEO of Polygon Labs, and Shumo Chu, founder of Manta Network. Gevulot has not disclosed its valuation.
Gevulot plans to allocate the capital to the rollout of its Layer 1 blockchain, which will allow developers to leverage ZK-proofs and delegate computing tasks to an advanced network of hardware operators. This functionality creates new possibilities for scalable applications.
ZK proofs have gained significant popularity in recent years and provide the scalability of blockchain apps through the efficient verification of data.
Gevulot is gearing up to launch its developer-focused network (or devnet), a sort of limited testing network. This network is brought to life in partnership with staking validator companies such as P2P.org, Supranational, Staking Facilities and RockawayX Infrastructure.
Gevulot’s architecture
On Gevulot, deployed programs are run to generate proofs, which are then verified by the network. After verification, these proofs are integrated into blocks. Notably, the blocks on Gevulot’s blockchain consist mainly of proofs, which differ from the conventional smart contract state transitions observed in other Layer 1 blockchains.
“Built as a general-purpose layer-one proof network, Gevulot allows anyone to deploy a prover or a verifier on-chain. It’s accessible and simple: deploying these programs is largely like deploying or communicating with a smart contract,” Variant, the lead investor in the seed round, said in a statement.
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