Cryptocurrency startup Orochi Network completes $12 million financing, with participation from Presto Labs and others

ChainCatcher news, according to Cointelegraph, the crypto technology startup Orochi Network has completed a $12 million financing round, with participation from Presto Labs, Smape Capital, Anti Capital, Maxx Capital, Bolts Capital, AZA Ventures, and Connectico, as well as funding from the Ethereum Foundation, Mina Protocol, Web3 Foundation, and BNB Chain.

According to the Web3 asset data platform RootData, [Orochi Network](https://www.rootdata.com/zh/Projects/detail/Orochi Network?k=ODk4OA== "Zero-Knowledge Proof Operating System") is a cutting-edge ZKO (Zero-Knowledge Proof Operating System) designed to address the challenges of computational limitations, data correctness, and data availability in the Web3 industry. Orochi Network uses MPC and ECVRF to build a trustless distributed source of randomness for all types of Web3 applications, providing verifiable randomness for smart contracts on EVM and FVM.