Oak Grove Ventures announces investment in the real-time ZK proof network ZEROBASE

2024-10-19 17:12:46

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ChainCatcher news, Oak Grove Ventures announced an investment in the real-time ZK proof network service provider ZEROBASE. The participants in this round of financing also include several well-known institutions such as Binance Labs, Lightspeed Faction, Matrix Partners, and IDG.

ZEROBASE, launched by Salus, is dedicated to creating a privacy-preserving computing network tailored for ZK use cases. The project aims to be an innovator in ZK technology, providing a solution that coexists privacy and transparency without compromise. ZEROBASE has built the fastest privacy-preserving prover network, directly addressing the efficiency and confidentiality issues associated with ZK proof generation.

Oak Grove Ventures is a fund focused on early investments in the cryptocurrency and Web3 space. This investment demonstrates confidence in ZEROBASE's potential to advance the development of ZK technology and privacy-preserving computing. This investment is expected to accelerate the adoption of ZK technology across various application scenarios and promote the development of innovative solutions that balance privacy protection and transparency.

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