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Memory-efficient proofs make ZKPs more attractive than other approaches to privacy-preserving verifiable compute, such as TEEs and MPC. Learn more in our newest blog: Who's Afraid of ZKP? The Triumph of Memory-Efficient Proofs https://lnkd.in/eB7V8_RG #ZKP #TEE #MPC

We're thrilled to announce $3 million in funding to build NovaNet - the world's first incentive layer for zero knowledge proofs that run everywhere. We are grateful to be working with leading investors and builders! Our round is led by Finality Capital Partners with participation from Arrington Capital, the Avalanche Foundation, Builder Capital, Caballeros Capital, Steven Han (Sypher Capital), Andrew Ni (Whale Epic), Bill Tanyeri, Scott Moore, and JD (Jaynti Kanani). NovaNet enables local verifiable computation and privacy-preserving applications at scale secured by mathematics. While many consider ZKP technology primarily as a means to scale Ethereum with zk-rollups (often at the exclusion of privacy), NovaNet offers a different paradigm. Our innovative approach empowers anyone, anywhere, to utilize ZKP for a wide range of applications beyond traditional zk-rollups, such as AI, DePIN, and gaming. NovaNet operates on a cutting-edge zkVM based on the NIVC (non-uniform incremental verifiable computation) paradigm. This supports the a'la'carte selection of circuits for optimized memory and performance characteristics. With NIVC, you only pay for what you use. Read more about our seed round and what we're building here:?https://lnkd.in/gxGj-Hz8

Zero knowledge proofs are coming to a16z Tech Week! Join us on June 4th for a for a lively discussion about cutting-edge ZKP research and applications in privacy, verifiable compute, and scaling for AI, DePIN, gaming, DeFi, and beyond. Register here: https://lu.ma/9dnah9iw #NYTechWeek #TechWeek #AI #DePIN #Web3Gaming #ZKP #ZKPs #zeroknowledge