OKX Ventures, the investment arm of leading crypto exchange and Web3 technology company OKX, has recently announced its investment in Cysic, a zero-knowledge (ZK) hardware acceleration company. This investment reflects OKX Ventures’ goal of speeding up the process of generating ZK proofs, making it faster, more cost-effective, user-friendly, and virtually decentralized for all parties involved.
Exciting news! OKX Ventures is investing in Cysic to drive the advancement of real-time ZKP technology.
Cysic, founded in August 2022, has made a name for itself in the rapidly expanding ZK hardware market by focusing on achieving real-time ZK proof generation. The current process of generating ZK proofs on CPU hardware is slow, hindering the wider development of ZK techniques.
Cysic believes that the solution to this problem lies in their expertise in ASIC (Application-Specific Integrated Circuit) design and GPU (Graphics Processing Unit) engineering. By offering enterprise-grade ZK compute-as-a-service, Cysic aims to provide their expertise to various ZK projects.
Cysic is dedicated to developing a real-time ZK proof generator with ASIC design. In a recent blog post, Cysic mentioned that the flexibility of their ASIC design, based on the zkVM, enhances products like ZK Air and ZK Pro.
The OKX Ventures investment highlights the increasing importance of ZK technology. ZK Air, which is about the size of a power bank or laptop charger, can be connected to laptops, iPads, or smartphones via a Type-C interface, accelerating ZK proof generation. ZK Pro, on the other hand, is designed to maximize the speed of generating ZK proofs, similar to traditional mining rigs. The funds from this investment will support Cysic’s global expansion strategy, including hiring new employees and ensuring high-quality production facilities.
In addition to supporting companies like Cysic, OKX Ventures’ investment exemplifies the growing significance of ZK technology in the blockchain and Web3 industries. By pushing the boundaries of what can be achieved with blockchain technology, OKX Ventures and Cysic’s partnership is expected to bring significant improvements to the ZK ecosystem, benefiting both the industry and its users.
Tags: OKX
