{"id":99473,"date":"2024-11-11T22:30:18","date_gmt":"2024-11-12T02:30:18","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=99473"},"modified":"2024-11-11T22:43:36","modified_gmt":"2024-11-12T02:43:36","slug":"brevis-raises-round-to-verifiable-computing","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/brevis-raises-round-to-verifiable-computing\/","title":{"rendered":"Brevis Raises $7.5m Seed Round to Advance Verifiable Computing"},"content":{"rendered":"\n

Brevis has raised $7.5 million from venture capital investors<\/a> to promote off-chain verifiable computation throughout the blockchain ecosystem.\u00a0<\/p>\n\n\n\n

\"Brevis
Brevis Raises $7.5m Seed Round to Advance Verifiable Computing<\/figcaption><\/figure>\n\n\n\n

Brevis announced on November 11 that it had raised $7.5 million in a seed round<\/a> funded by Binance Labs and Polychain Capital. <\/p>\n\n\n\n

Brevis, a company that helps blockchains grow without experiencing liquidity or state fragmentation, intends to use the additional funds to grow its R&D staff. <\/p>\n\n\n\n

The R&D team wants to enhance the platform's decentralized prover network and construct and include key elements of off-chain verifiable computing. <\/p>\n\n\n\n

The blog post explains that the objective is to hasten the adoption of the platform's zero-knowledge data coprocessor\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>. <\/p>\n\n\n\n

Using Brevis's programmable software development kit, the ZK Coprocessor enables smart contracts to access and process on-chain data, including transactions and statuses.\u00a0<\/p>\n\n\n\n

In order to grow blockchains like Ethereum, the technology enables developers to create data-driven decentralized apps<\/a>. <\/p>\n\n\n\n

Developers can take advantage of this potential using Brevis without worrying about the underlying cryptographic and mathematical complexities. <\/p>\n\n\n\n

Brevis allows dApps to lower expenses by shifting expensive and complicated calculations to an off-chain network. <\/p>\n\n\n\n

The network produces the computation's ZK proof and is confirmed on-chain at a low cost.\u00a0Olaf Carlson-Wee from Polychain:<\/p>\n\n\n\n

\n

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.”<\/p>\n<\/blockquote>\n\n\n\n

Kwenta, PancakeSwap, Frax, Celer, Jojo Exchange, and Mask Network are among the platforms and protocols that have either integrated Brevis-powered functionality or are considering doing so. <\/p>\n\n\n\n

IOSG, Nomad Capital, HashKey, Bankless Ventures, Polychain Capital, and Binance Labs<\/a> back Brevis. A number of angel investors were also drawn to the round.<\/p>\n","protected":false},"excerpt":{"rendered":"

Brevis has raised $7.5 million from venture capital investors to promote off-chain verifiable computation throughout the blockchain ecosystem.\u00a0 Brevis announced on November 11 that it had raised $7.5 million in a seed round funded by Binance Labs and Polychain Capital. Brevis, a company that helps blockchains grow without experiencing liquidity or state fragmentation, intends to […]<\/p>\n","protected":false},"author":43,"featured_media":99474,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[22788,2119,22787],"class_list":["post-99473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-brevis","tag-funds","tag-verifiable-computing"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/croc_1731375388453.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/99473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=99473"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/99473\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/99474"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=99473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=99473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=99473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}