The shared security project Othentic has completed a $4 million seed round of financing, led by Breyer Capital and others

ChainCatcher news, according to official sources, the project Othentic, which focuses on shared security in distributed systems, has announced the completion of a $4 million seed funding round, led by Finality Capital Partners and Breyer Capital, with participation from Coinbase Ventures, HashKey Capital, Collider Ventures, BanklessVC, Robot Ventures, Everstake, PUNK DAO, and others. Othentic aims to launch systems with underlying shared security by providing self-deploying infrastructure, thereby creating novel distributed computing services, including facilitating innovative work on EigenLayer and Babylon. Its Othentic Stack allows AVS developers to self-deploy customized computing services in a trustless execution environment and operate a network of operators to run arbitrary computing tasks.

In addition, Othentic has introduced a framework for Stateless Rollups to support the flexible and secure execution of off-chain computations. Stateless Rollups are computing networks that provide services to other networks or applications without being constrained by any specific blockchain. This framework aids in the creation of co-processors, ZK provers, privacy-preserving computations, decentralized order books, AI inference networks, vulnerability prevention systems, and other new services.