Oak Grove Ventures has announced its investment in ZEROBASE, a real-time ZK proof network service provider. The funding round also attracted investments from several prominent institutions, including Binance Labs, Lightspeed Faction, Matrix Partners, IDG, and other notable firms.
ZEROBASE, launched by Salus, is dedicated to creating a privacy-preserving computation network tailored for ZK use cases. ZEROBASE stands as the renaissance of ZK, offering an endgame where privacy and transparency coexist without compromise. The project has built the fastest privacy-preserving prover network, which directly addresses the issues of inefficiency and confidentiality related to ZK proof generation.
Oak Grove Ventures, a fund focusing on early-stage investments in the cryptocurrency and Web3 sectors, views this investment as a testament to ZEROBASE’s potential in advancing ZK technology and privacy-preserving computation. This investment is expected to accelerate the adoption of ZK technology across various application scenarios and promote the development of innovative solutions that balance privacy protection and transparency.
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