Telos has received a $1 million strategic investment from Presto Labs.

The funds will be used for the development of Telos' new SNARKtor-powered Ethereum Layer 2 zkEVM network. Additionally, the investment will support the growth of SNARKtor Labs, Telos' Hong Kong-based business unit focused on advancing Telos' ZK-proving technology infrastructure.

#telos #Prestolabs #Presto #zkevm #SNARK

1. Space and Time, a #decentralized Web3 data service, adopts zero-knowledge proof (ZK-proof) technology to cryptographically validate data queries within its ecosystem.

2. The platform's proprietary Proof of SQL generates a #SNARK cryptographic proof of a query, ensuring data accuracy and non-manipulation for on-chain and off-chain data.

3. This #innovation has applications in various sectors including financial services, retail, healthcare, and gaming, enabling trustless and verified data for decentralized applications (DApps) and large language models.

4. Space and Time's Proof of SQL is integrated into #blockchain data indexing services and is currently utilized by the credit-scoring blockchain #protocol Lendvest to establish accurate credit scores for users based on on-chain and off-chain financial data.