According to Foresight News, Nebra, a research organization specializing in blockchain and zero-knowledge proof, has announced the successful completion of its pre-seed and seed funding rounds, raising $4.5 million. The funding was led by Nascent and Bankless Ventures, with participation from angel investors including Tim Beiko of the Ethereum Foundation, Kartik Talwar of ETHGlobal, Nick White of Celestia, and Sandy Peng and Haichen Shen of Scroll.
Nebra plans to use the newly raised funds to advance the development of a shared settlement layer. The organization aims to democratize zero-knowledge proof technology, thereby reducing the cost of proof settlements on Ethereum and other blockchains. This initiative is expected to create a new shared settlement layer for the internet.
