Singapore, Singapore, November 11, 2024, Chainwire
Brevis introduced that it has raised $7.5 million in seed funding led by Polychain Capital and Binance Labs, with participation from IOSG, Nomad Capital, Bankless Ventures, HashKey, and lots of wonderful angel traders.
Brevis is a great, verifiable computing platform that brings infinite scalability to current blockchains with out introducing liquidity or state fragmentation. Brevis permits blockchain purposes to dump advanced and costly calculations that might not be carried out on-chain to a minimum-cost off-chain community the place a ZK Proof of the calculation result’s generated. This ZK Proof might be verified with on-chain good contracts, permitting purposes to make the most of the outcomes of the calculations with the identical stage of safety as direct on-chain calculations, all utterly trust-free and at a fraction of the fee.
Brevis launched its first product, the ZK coprocessor. This enables good contracts to trustlessly entry historic on-chain information equivalent to transactions, occasions, and state to carry out arbitrary computations. Brevis' programmable SDK permits builders to simply construct highly effective data-driven and compute-intensive dApps with out understanding the underlying cryptographic or mathematical complexity.
Brevis provides steady protocol incentive distribution, person engagement and retention applications, decentralized blockspace market, person expertise customization, autonomous DeFi parameter tuning, trust-free energetic liquidity administration, and automatic danger administration for yield aggregators. and extra, creating alternatives for brand spanking new use circumstances and capabilities. Intent automation, and many others.
Brevis additionally declares launch companions who’re utilizing the Brevis SDK to construct and launch thrilling new merchandise and options. A few of these companions have already launched Brevis-powered options on mainnet, together with Kwenta, JoJo Alternate, and Trusta. Many different prime protocols and dApps are leveraging Brevis for next-generation merchandise, together with PancakeSwap, Celer, Standard, Frax, Gamma, Quickswap, Tokemak, Masks Community, Algebra Labs, Thena, 0G, Bedrock, Mellow Finance, ZettaBlock, Hemera, and lots of extra is constructing. And options.
Brevis additionally launched one of many first EigenLayer AVSs to allow a brand new proposal-challenge coprocessing mannequin that considerably reduces ZK computational prices on the tradeoff of barely elevated delay.
“Brevis is pioneering an revolutionary method to verifiable off-chain computing, creating unprecedented scalability and performance for blockchain purposes. At Polychain, we’re dedicated to pushing the boundaries of blockchain infrastructure. “We’re dedicated to supporting initiatives, and Brevis stands out for its revolutionary use of ZK Proofs to deliver advanced data-driven computations into good contracts in a trust-free approach,” mentioned Polychain's Olaf. Carlson-Wee mentioned. Redefining what is feasible for blockchain builders and unlocking a brand new wave of superior decentralized purposes. ”
“The present good contract panorama provides quite simple computational capabilities and restricted information entry. Brevis' transfer to create a brand new asynchronous structure extends the performance of blockchain with out introducing extra belief. ,” mentioned Andy Zhang, funding director at Binance Labs. “Binance Labs is supporting early-stage initiatives constructing revolutionary options to deliver the subsequent wave of customers to Web3, and Brevis is revolutionizing verifiable computing and unlocking a variety of potentialities. We’re excited to assist this initiative.”
“We consider that Web3 will evolve right into a 'glue and coprocessor' structure just like how fashionable Web2 providers can deal with billions of customers. ” Michael Tung, co-founder of Brevis, mentioned: “Sooner or later, blockchain will act because the ‘glue’ and the majority of the computation will probably be accomplished by Brevis, a platform of off-chain ‘co-processors’. will probably be offloaded to Though computations happen off-chain, Brevis' superior ZK compute stack ensures that every one outcomes are trustlessly verified and accessible again on-chain. Brevis allows an enormous variety of new dApps and new ranges of person expertise that weren’t doable earlier than, with out inflicting fluidity or state fragmentation. ”
With this new funding, Brevis will develop its analysis and improvement crew to construct and combine different crucial off-chain verifiable computing parts, iterate on Brevis' distributed prover community, and produce them into manufacturing. We plan to speed up the adoption of current ZK information coprocessors.
About Brevis
Brevis is an environment friendly and verifiable off-chain computation engine that brings limitless computational energy to current good contract blockchains. Brevis leverages zero-knowledge proofs to dump data-intensive and dear computations from on-chain environments to considerably lower-cost off-chain engines, seamlessly constructing Web3 purposes whereas sustaining the safety of L1 belief assumptions. Permits for enlargement.
Brevis' versatile Go SDK permits good contracts to entry blockchain state, transactions, and receipts throughout a number of blockchains and timeframes. DApps can remodel advanced enterprise logic that might be costly to execute utilizing good contracts into concise, low-cost circuit outputs that may be mathematically verified on-chain. With Brevis, you’ll be able to unlock the total potential of decentralized information and speed up blockchain adoption at broader scale with use circumstances equivalent to data-driven DeFi, customized GameFi experiences, and on-chain status methods. Masu.
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