The zero-knowledge proof verification layer Aligned Layer has completed a $20 million Series A financing, led by Hack VC

ChainCatcher news, according to official sources, the decentralized zero-knowledge proof verification layer Aligned Layer, developed based on EigenLayer and targeting Ethereum, has announced the completion of a $20 million Series A funding round, led by Hack VC, with participation from dao5, L2IV, Nomad Capital, and others.

It is reported that the Aligned Layer mainnet is planned to launch in the second quarter of 2024. As an EigenLayer AVS, Aligned Layer provides Ethereum with a new infrastructure for affordable zero-knowledge proof verification across all proof systems.

Additionally, the Web3 asset data platform RootData shows that Aligned Layer is a ZK verification layer developed on top of EigenLayer. This will make the verification of any SNARK proof cost-effective, leveraging the security of Ethereum validators without being constrained by Ethereum. As an Eigen Layer AVS, it promises affordable verification and multifunctional proof systems for L2 and bridges, addressing critical needs in the blockchain ecosystem. The project is developed by Yet Another Company.