Nebra, a company specializing in blockchain research and development with a focus on zero-knowledge-proof technology, has completed a funding round, raising a total of $4.5 million through pre-seed and seed investments. This investment was spearheaded by Nascent and Bankless Ventures, with additional contributions from angel investors such as Tim Beiko of Ethereum Foundation, Kartik Talwar of ETHGlobal, Nick White of Celestia, and Sandy Peng and Haichen Shen from Scroll.
Based on Nebra’s announcement, the recently acquired funds will be used to progress and make accessible zero-knowledge proof technology. The ultimate objective is to decrease the expenses related to proof verification on Ethereum and other blockchains. Nebra aspires to establish what it refers to as the “Communal Settlement Infrastructure of the next internet.”
A representative from Nebra stated, “This Shared Settlement Layer could maximize blockchain technology’s capabilities and make it more accessible to everyday use. It would facilitate the growth of confidential applications like private DeFi, identity systems, and trustworthy gaming.”
In simpler terms, zero-knowledge proofs, as explained by Nebra, enable the confirmation of statements while keeping extra details hidden, leading to enhanced privacy in on-chain transactions and increased efficiency in blockchain operations without requiring trust between parties.
The Nebra team is working to improve the ability of different zero-knowledge blockchain networks to work seamlessly together. Dan Elitzer, co-founder of Nascent, commended Nebra’s strategy, drawing a comparison to how Google and Uber revolutionized their markets.
Read More
- 10 Most Anticipated Anime of 2025
- USD MXN PREDICTION
- Brent Oil Forecast
- Silver Rate Forecast
- Pi Network (PI) Price Prediction for 2025
- USD JPY PREDICTION
- USD CNY PREDICTION
- How to Watch 2025 NBA Draft Live Online Without Cable
- Gold Rate Forecast
- Castle Duels tier list – Best Legendary and Epic cards
2024-04-17 16:20