Nebra, a blockchain research and development organization focused on zero-knowledge-proof technology, has announced a successful funding round, securing $4.5 million in combined pre-seed and seed investments.
Nascent and Bankless Ventures lead the round, joined by angel investors like Tim Beiko from Ethereum Foundation, Kartik Talwar from ETHGlobal, Nick White from Celestia, and Sandy Peng and Haichen Shen from Scroll.
According to Nebra’s statement, the newly raised funds will be utilized to advance and democratize zero-knowledge proof technology, with the goal of lowering the costs of proof settlement on Ethereum and other blockchains. Nebra aims to create what it calls the “Shared Settlement Layer of the new internet.”
A Nebra spokesperson explained, “This Shared Settlement Layer has the potential to unlock the full potential of blockchain technology and drive its deeper integration into people’s everyday lives. It would enable the widespread adoption of privacy-preserving applications, such as private DeFi, identity solutions, and provable gaming.”
According to Nebra, zero-knowledge proofs allow for the validation of statements without revealing additional information, revolutionizing on-chain privacy and improving blockchain scalability in a trustless manner.
The Nebra team aims to enhance interoperability among various zero-knowledge-based blockchain layers. Nascent co-founder Dan Elitzer praised Nebra’s approach, likening it to how Google and Uber transformed their respective industries.
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