OKX Ventures, the funding arm of the main crypto trade and Web3 expertise firm OKX, has introduced its funding in Cysic. It’s a zero-knowledge (ZK) {hardware} acceleration firm. The funding of OKX Ventures in Cysic displays their need to speed up the speed of producing ZK proofs. Meaning, it makes the method quicker and in addition cheaper. It’s also extra user-friendly and just about decentralized for all concerned events.
Nice information! OKX Ventures is investing in Cysic to gasoline the innovation of real-time ZKP expertise. @cysic_xyz
Learn extra: https://t.co/SkgpQgQSRH pic.twitter.com/UFkgUEgORn— OKX Ventures (@OKX_Ventures) Might 24, 2024
Cysic Pioneers Quicker ZK Proofs with ASIC and GPU Engineering
Cysic, based in August 2022, has made a reputation for itself within the quickly increasing ZK {hardware} market. The corporate’s predominant goal is to attain real-time ZK proof era. At the moment, a ZK proof era course of on CPU {hardware} is sluggish. This has been the principle sticking level within the improvement of ZK strategies extra extensively.
As Cysic sees it, the reply to this downside lies in utilizing their experience in ASIC (Software-Particular Built-in Circuit) design and GPU (Graphics Processing Unit) engineering. Cysic gives enterprise-grade ZK compute-as-a-service to all types of ZK tasks.
Cysic is dedicated to making a real-time ZK proof generator with ASIC design. In a latest weblog publish from Cysic, suppliers stated that the pliability of their ASIC design based mostly upon the zkVM improves merchandise reminiscent of (actual examples) ZK Air and ZK Professional.
OKX Ventures Funding Highlights Rising Significance of ZK Tech
ZK Air, which is roughly the scale of an influence financial institution or laptop computer charger will be linked to laptops, iPads and even smartphones even by way of a Kind-C interface, accelerating ZK proof era. ZK Professional, like conventional mining rigs, is specifically designed to maximise the pace of producing ZK proofs. The proceeds from this funding spherical will probably be used to assist Cysic’s international enlargement technique. This contains hiring new staff and guaranteeing their manufacturing amenities are as much as scratch.
In addition to supporting firms like Cysic, this funding by OKX Ventures additionally illustrates the rising significance of ZK expertise within the blockchain and Web3 industries. By way of this, they push the boundary of what will be completed with blockchain expertise OKX Ventures and Cysic’s partnership is predicted to carry vital enhancements to the ZK ecosystem, benefiting each the business and its customers.
