🎉 Fermah has just secured $5.20M in its latest funding round! 🎉
🔹About: Fermah is a universal proof generation marketplace designed to connect machines like GPUs and FPGAs (supply side) with those needing zero-knowledge (ZK) proofs (demand side). It supports a range of ZK use cases, including zkRollups and zkEVMs, and aligns both sides through a matchmaker system to provide fast and cost-effective proofs. Fermah aims to provide reliable and cost-effective infrastructure, allowing projects to generate ZK proofs efficiently while leveraging decentralized computing power. By doing so, it seeks to enhance the scalability and privacy of blockchain applications. The project has successfully raised $5.20 million in its seed funding round, with Daemon Ventures as a lead investor. Fermah is credibly neutral and supports all proof systems, including zkVMs, zkEVMs, Groth16, and more. It is optimized for cheap, fast, and reliable ZK proof generation. Overall, Fermah is paving the way for more efficient and accessible decentralized computing solutions. 🚀🌐
🔹 Lead Investors: a16z, Balaji Srinivasan, Sandeep Nailwal, Lemniscap, LongHash Ventures and many more.
🔹 Total Raised: $5.20M.
🔹 Project Category: Blockchain Infrastructure, ZKP.
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