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HYPE $56.82 +1.04%
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ZEC $487.50 -0.40%
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ZK full-chain data proof platform Brevis Network has completed a $7.5 million seed round financing, led by Binance Labs and Polychain Capital

2024-11-12 01:35:28

ChainCatcher news, ZK full-chain data proof platform Brevis Network announced the completion of a $7.5 million seed round financing, led by Polychain Capital and Binance Labs, with participation from IOSG Ventures, Nomad Capital, Bankless Ventures, HashKey Capital, and others.

According to reports, Brevis is a ZK co-processor or computing network designed to enhance blockchain scalability through ZK proofs. By performing complex tasks such as data processing off-chain and only sending verified proofs back to the blockchain, Brevis aims to alleviate the workload of the blockchain, increase speed, and reduce costs.

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