OKX Ventures, the investment division of OKX, a leading crypto exchange and Web3 technology company, has recently announced its investment in Cysic, a zero-knowledge (ZK) hardware acceleration company. The investment by OKX Ventures in Cysic is aimed at speeding up the process of generating ZK proofs, making it more efficient, cost-effective, and user-friendly for all parties involved.
Exciting news! OKX Ventures is making a significant investment in Cysic to drive the advancement of real-time ZKP technology. Cysic, known for its expertise in the rapidly expanding ZK hardware market, was founded in August 2022. The company’s primary goal is to achieve real-time ZK proof generation, as the current process on CPU hardware is slow, hindering the widespread development of ZK techniques.
Cysic believes that the solution to this problem lies in leveraging their expertise in ASIC (Application-Specific Integrated Circuit) design and GPU (Graphics Processing Unit) engineering. They provide enterprise-grade ZK compute-as-a-service for various ZK projects.
Cysic is dedicated to developing a real-time ZK proof generator using ASIC design. According to a recent blog post by Cysic, their ASIC design based on the zkVM framework enhances products like ZK Air and ZK Pro, offering flexibility and improved performance.
The funding from OKX Ventures highlights the increasing importance of ZK technology. ZK Air, a device roughly 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, similar to traditional mining rigs, is specifically designed to maximize the speed of generating ZK proofs. The proceeds from this funding round will support Cysic’s global expansion strategy, including hiring new employees and ensuring top-notch production facilities.
Aside from supporting companies like Cysic, OKX Ventures’ investment also signifies the growing significance of ZK technology in the blockchain and Web3 industries. This partnership between OKX Ventures and Cysic is expected to bring significant advancements to the ZK ecosystem, benefiting both the industry and its users.
Tags: OKX