Excited to announce that Variant has led a seed round for Gevulot, a new decentralized marketplace for zero knowledge proofs

Excited to announce that Variant has led a seed round for Gevulot, a new decentralized marketplace for zero knowledge proofs

https://variant.fund/articles/investing-gevulot-seed-performant-market-zero-knowledge-proofs/

Investing @variant, writing at https://backoftheenvelope.substack.com/

Gevulot’s marketplace is complementary to every existing stack. Built as a L1, its open supply side incentivizes provers of all types to participate in the network. This is net better for both supply and demand

For demand: the decentralized market acts as a superset of a centralized one, while also offering options like having multiple provers perform work for redundancy. The presence of many provers creates healthy competition for best execution and best pricing

For supply: a logical point for demand aggregation reduces coordination and tx costs. Provers can focus on what they do best – generating proofs – without the community management or BD overhead. Gevulot network incentives also provide an important mechanism to ensure uptime

.@teemu, Tuomas, and the rest of the team felt like the clear team to back

They spun Gevulot out of Equilibrium (a well-respected dev shop) after having worked with many of the leading infra projects and seeing first-hand this missing piece of the stack

This hands-on expertise, coupled with well-earned respect and longstanding relationships with industry projects, positions Gevulot as the right team to build such an important, credibly neutral piece of infrastructure

Gevulot is launching its devnet in Q1 of this year. To get involved, reach out to the team here:

Gevulot is launching its devnet in Q1 of this year. To get involved, reach out to the team here:

https://docs.google.com/forms/d/e/1FAIpQLSd_awWWXXJNZZMFMN--D3I2LGIZGOdJh63RRYHUrP2UDo4jtw/viewform

Modular, monolithic, integrated, aggregated… Gevulot is universal