Outside Source
Brevis, a smart verifiable computing platform, has raised $7.5 million from venture capital investors to advance off-chain verifiable computation across the blockchain ecosystem.
In an announcement on Nov. 11, Brevis stated it secured $7.5 million in a seed round led by Polychain Capital and Binance Labs.
Brevis, which enables blockchains to scale without facing liquidity or state fragmentation, plans to use the new funding to expand its research and development team. The R&D team aims to build and integrate essential components in off-chain verifiable computing and improve the platform’s decentralized prover network.
According to details in the blog post, the goal is to accelerate the adoption of the platform’s zero-knowledge data coprocessor.
The ZK Coprocessor allows smart contracts to access and process on-chain data, including transactions and states, through Brevis’s programmable software developer kit.
The technology empowers developers to build data-driven decentralized applications to scale blockchains like Ethereum (ETH). Brevis enables developers to leverage this potential without having to worry about the underlying mathematical and cryptographic complexity.
With Brevis, dApps can offload complex and costly computations to an off-chain network, reducing costs. The network generates a ZK proof of the computation, which is then verified on-chain at minimal expense.
“At Polychain, we’re committed to supporting projects that push the limits of blockchain infrastructure, and Brevis stands out with its innovative use of ZK Proofs to bring complex, data-driven computation to smart contracts in a trust-free way.”
Olaf Carlson-Wee from Polychain.
Platforms and protocols that have either integrated or are considering adding Brevis-powered features include Kwenta, PancakeSwap, Frax, Celer, Jojo Exchange, and Mask Network.
In addition to Polychain Capital and Binance Labs, other VC firms backing Brevis include IOSG, Nomad Capital, HashKey, and Bankless Ventures. The round also attracted several angel investors.
This article first appeared at crypto.news
