Zero-knowledge proof (ZKP) hardware company Ulvetanna has raised $15 million in seed funding at a $55 million valuation, led by Bain Capital Crypto and Paradigm, with participation from Jump Crypto. The equity round closed in June last year.
Ulvetanna is reportedly building hardware designed to accelerate the process of generating ZKP, a cryptographic authentication method that proves specific information without revealing the content of said information. In the crypto space, this technology has historically been used as a scaling solution for blockchain networks, especially Ethereum. (TheBlock) #BNB, #DOGE, #Web3
