🚀 Fabric Cryptography Secures $33M For New Cryptographic Chip

💰 Fabric Cryptography has raised $33 million in a Series A funding round to develop a cutting-edge cryptographic chip.

🤝 The funding round was co-led by Blockchain Capital and 1kx, with support from industry players like Offchain Labs, Polygon, and Matter Labs.

💼 With this latest injection of capital, the company's total funding now stands at an impressive $39 million.

⚡️ The focus of the funding will be on advancing the development of the Verifiable Processing Unit (VPU), a custom chip designed to enhance cryptographic operations' efficiency.

🔒 Fabric Cryptography aims to tackle the increasing demand for privacy and security in digital interactions by speeding up processing and reducing costs.

✅ The VPU is not just about current cryptographic techniques; it's also built to adapt to future advancements, including zero-knowledge proofs and fully-homomorphic encryption.

🌐 Beyond cryptography, the company plans to expand its teams to integrate its technology into sectors like AI, finance, and dApps.

💻 Moreover, Fabric Cryptography is working on a software stack that will empower developers to implement their cryptographic solutions across different platforms.

🗣 "Our mission is to scale the speed and availability of next-gen cryptography," says CEO Michael Gao. Their ultimate goal? Making trust and privacy foundational in every digital interaction.

#CryptoMarketMoves #LowestCPI2021 #BlackRockETHOptions #BinanceLaunchpoolDOGS #MtGoxRepayments $BTC $ETH $BNB