NovaNet Project Introduction, Team, Financing and News

Performances

RD Popularity Index

2429.41% (24h)

0100200300400500

Project Rank: 7673/15432

RD Growth Index

1410.42% (24h)

0400800120016002000

Project Rank: 3850/15432

Comparison

Fundraising

LeadFFinality Capital Partners AArrington Capital AAvalanche Foundation BBuilder Capital CCaballeros Capital SScott Moore JJaynti Kanani

WWhaleEpic Ventures

@@b_tanyeri

SSteven Han

Round	Amount	Valuation	Date	Source	Investor
Seed	$ 3M	--	Jun 25, 2024	--	FFinality Capital Partners AArrington Capital AAvalanche Foundation BBuilder Capital CCaballeros Capital SScott Moore JJaynti KananiWWhaleEpic Ventures@@b_tanyeriSSteven Han

Related News

Sep 12, 2024

The decentralized proof network NovaNet has completed a $3 million financing round, led by Finality Capital.

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About NovaNet

Details

NovaNet is a decentralized zero-knowledge proof (ZKP) generation network built on non-uniform incremental verifiable computation (NIVC) and the SuperNova folding scheme. It allows developers to compile arbitrary WASM programs and submit them to the network, where distributed nodes collaboratively generate proofs and aggregate multiple proofs into a single low-cost on-chain verification. Developers can upload code, configure proof parameters, and select a target chain (e.g., Ethereum) for verification via interfaces provided in the documentation. Its core mechanism leverages folding techniques to split complex computations into parallelizable subtasks, while an aggregation circuit reduces on-chain verification costs. The network aims to provide flexible and efficient proof services for privacy applications, verifiable computation, and other scenarios.

Tags:

Infra

Founded:

2023

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