The universal proof aggregator Electron has completed a $1 million seed round financing, with participation from Polygon co-founders and others

2024-05-08 14:08:18

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ChainCatcher news, the zero-knowledge general proof aggregator Electron has announced the completion of a $1 million seed round financing, with investors including Polygon co-founder Sandeep Nailwal, Gnosis co-founder Martin Köppelmann, Jaynti Kanani (previous co-founder of Polygon), and Avail co-founder Anurag Arjun, as well as LambdaClass, Zephyrus Capital, Blue7, Interop, Router Protocol, and others.

Electron stated that the funding will be used to build a general ZK proof aggregation layer for Ethereum.

According to the Web3 asset data platform RootData, [Electron Labs](https://www.rootdata.com/zh/Projects/detail/Electron Labs?k=MjA3MQ== "Bringing on-chain privacy to dApps and users") is a closed cross-chain messaging protocol for L1. It uses light clients and zero-knowledge proofs to maintain decentralization.

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Electron Labs Bringing on-chain privacy to dApps and users