Brevis has announced the raise of $7.5 million in seed funding led by Polychain Capital and Binance Labs, and with participation from IOSG, Nomad Capital, Bankless Ventures, and HashKey, as well as a number of amazing angel investors.
Brevis is a smart verifiable computing platform that brings infinite scalability to existing blockchains without liquidity or state fragmentation. Brevis enables blockchain applications to offload complex and expensive computation that was not possible to do on-chain, to a minimal-cost off-chain network where a ZK Proof of the computation result is generated. This ZK Proof can then be verified in on-chain smart contracts so that the applications are able to utilize the computation result with the same level of security as direct on-chain computation, all completely trust-free and at a fraction of the cost!
Brevis launched a ZK Coprocessor as the first product, which empowers smart contracts to trustlessly access and run arbitrary computation on historical on-chain data, such as transactions, events, and states. Using Brevis’s programmable SDK, developers can easily build powerful data-driven and computation-intensive dApps without requiring them to understand the underlying cryptographic and mathematical complexity.
Brevis creates the opportunity for new use cases and features such as continuous protocol incentive distribution, user engagement and retention programs, decentralized blockspace marketplaces, user experience customization, autonomous DeFi parameter tuning, trust-free active liquidity management, automatic risk management in yield aggregators, intent automation and much more.
Brevis also unveils its launch partners, who are building and launching exciting new products and features using the Brevis SDK. Some of these partners have already launched Brevis-powered features on mainnet, such as Kwenta, JoJo Exchange, and Trusta. Many other top protocols and dApps, such as PancakeSwap, Celer, Usual, Frax, Gamma, Quickswap, Tokemak, Mask Network, Algebra Labs, Thena, 0G, Bedrock, Mellow Finance, ZettaBlock and Hemera are building Brevis-powered next-generation product and features.
Brevis has also launched one of the first EigenLayer AVSes to enable a novel propose-challenge coprocessing model that drastically reduces ZK computation costs with a tradeoff of a slightly increased delay.
About Brevis
Brevis is an efficient, verifiable off-chain computation engine that brings limitless computation capacity to existing smart contract blockchains. Utilizing zero-knowledge proofs, Brevis offloads data-intensive, costly computations from on-chain environments to a drastically lower-cost off-chain engine, and empowers Web3 applications to scale seamlessly while preserving the security of L1 trust assumptions.
With Brevis’s versatile Go SDK, smart contracts can access blockchain states, transactions, and receipts across multiple blockchains and timeframes. DApps can transform complex business logic that are expensive to execute with smart contracts into succinct, low-cost circuit outputs that are mathematically verifiable on-chain. Powered by Brevis, use cases like data-driven DeFi, personalized GameFi experiences, and on-chain reputation systems can unlock the full potential of decentralized data, and accelerate blockchain adoption on a broader scale.
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ContactMarketing LeadZoe Leepr@brevis.network
This article was originally published on Chainwire
Source: Cryptocurrency - investing.com
