Verifiable computing project Brevis announced the closing of its seed funding round led by Polychain Capital and Binance Labs.
According to a Nov. 11 announcement, the funding round has also seen the participation of IOSG, Nomad Capital, Bankless Ventures, and Hashkey, as well as a number of angel investors. A Polychain representative said:
“Brevis is pioneering a transformative approach to verifiable off-chain computation, creating unprecedented scalability and functionality for blockchain applications. […] Brevis stands out with its innovative use of ZK Proofs to bring complex, data-driven computation to smart contracts in a trust-free way. […] We believe Brevis’s vision will redefine what’s possible for blockchain developers and unlock a new wave of advanced decentralized applications.”
Brevis is developing a verifiable computing platform aiming to bring infinite scalability to existing blockchains without fragmenting their state or liquidity. With this protocol in place, decentralized applications (DApps) can offload computation off-chain while holding on to their trustless and verifiable nature at a low cost.
Brevis’ system also promises low-cost, with its plans to its employment of zero-knowledge proofs to render the computations verifiable. On-chain smart contracts can then verify these proofs, allowing the DApps to use off-chain computation without compromising their security and trustlessness.
Developers of the protocol launched a zero-knowledge coprocessor that allows smart contracts to access and run arbitrary computation on historical on-chain data including transactions, events and states. The platform’s software development kit allows quick deployment of data-driven and computation-intensive DApps without the need to understand zero-knowledge cryptography in-depth. Binance Labs investment director Andy Chang said:
“The current landscape of smart contracts offers very simple computation capabilities and limited data access. Brevis’ move to create a new asynchronous architecture expands the capability of blockchains without introducing any additional trust.”
Brevis already has a few launch partners including Kwenta, JoJo Exchange and Trusta. Other partners include PancakeSwap, Usual Money, Gamma, Quickswap, Tokemak, Algebra, Thena, 0G, and Hemera — all of those projects making use of the new verifiable computation platform.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
