OKX Ventures, the investment arm of the prominent crypto exchange and Web3 technology company OKX, has recently disclosed its investment in Cysic, a zero-knowledge (ZK) hardware acceleration firm. The investment by OKX Ventures in Cysic signifies their aim to speed up the process of producing ZK proofs, making it quicker, more cost-effective, user-friendly, and nearly decentralized for all parties involved.
Exciting news! OKX Ventures is injecting funds into Cysic to boost the advancement of real-time ZKP technology.
Cysic, established in August 2022, has established itself as a key player in the rapidly growing ZK hardware market. The company’s primary objective is to achieve real-time ZK proof generation. Presently, the ZK proof generation process on CPU hardware is sluggish, hindering the widespread development of ZK techniques.
Cysic believes that the solution to this issue lies in leveraging their expertise in ASIC (Application-Specific Integrated Circuit) design and GPU (Graphics Processing Unit) engineering. Cysic provides enterprise-grade ZK compute-as-a-service for various ZK projects.
Cysic is dedicated to developing a real-time ZK proof generator with ASIC design. According to a recent blog post from Cysic, the adaptability of their ASIC design, based on zkVM, enhances products like ZK Air and ZK Pro.
The investment by OKX Ventures underscores the growing significance of ZK technology. ZK Air, about the size of a power bank or laptop charger, can be connected to laptops, iPads, or smartphones via a Type-C interface, expediting ZK proof generation. ZK Pro, similar to traditional mining rigs, is specifically engineered to maximize the speed of generating ZK proofs. The funds from this investment round will support Cysic’s global expansion plans, including recruiting new staff and ensuring top-notch production facilities.
In addition to backing companies like Cysic, OKX Ventures’ investment showcases the increasing importance of ZK technology in the blockchain and Web3 sectors. Through this, they are pushing the limits of what can be achieved with blockchain technology. The partnership between OKX Ventures and Cysic is anticipated to bring significant enhancements to the ZK ecosystem, benefiting both the industry and its users.