Zypher Network has successfully raised $7 million to accelerate the development of zero-knowledge protocol and Rollup infrastructure for autonomous AI.
This funding round is led by UOB Venture and Signum Capital, along with many other strategic investors, to strengthen the foundation of reliable decentralized infrastructure for autonomous AI agents.
MAIN CONTENT
Zypher Network completes $7 million funding to promote zero-knowledge technology and AI Rollup.
UOB Venture and Signum Capital lead the funding round, alongside a variety of strategic investors.
Focused investment supports the development of reliable decentralized infrastructure for autonomous AI agents.
What is Zypher Network and its role in autonomous AI?
The CEO of Zypher Network affirms the importance of building a reliable decentralized infrastructure to enhance the autonomy level for AI agents, based on Blockchain technology and advanced zero-knowledge protocol.
Zypher Network provides a foundational platform for AI agents to operate independently, securely, and transparently through zero-knowledge protocol and Rollup, enabling AI to act without intermediaries or centralized control.
What significance does the $7 million funding round hold for Zypher Network?
The successful funding led by UOB Venture and Signum Capital marks an important turning point for Zypher Network to accelerate technology development. According to the 2024 report, strategic investors like HashKey Capital and Hong Leong Group contribute to supporting the expansion strategy.
This funding round aims to complete the zero-knowledge protocol suite and a separate Rollup infrastructure for AI, enhancing scalability, security, and transparency for the autonomous AI agent ecosystem.
"Investing in Zypher Network is not only financial but also a commitment to promoting AI transformation with Blockchain technology - a step forward for the autonomous AI industry."
Mr. Jonathan Lee, CEO of UOB Venture, 2024
What are zero-knowledge protocol and AI-specific Rollup, and how do they impact?
Zypher Network's technology advisor, Mr. Nguyen Minh Tuan, emphasizes that zero-knowledge helps protect private data while ensuring authenticity. AI-specific Rollup optimizes transaction processing, reduces costs, and speeds up interactions of AI agents.
These two technologies together create a reliable foundation, supporting autonomous AI applications in finance, healthcare, and many other areas, while enhancing security and scalability.
"Integrating zero-knowledge with AI-specific Rollup opens a new era in building a decentralized AI ecosystem, enhancing both security and performance simultaneously."
Dr. Le Huu Phuoc, Blockchain and AI Expert, 2024
Who are the strategic investors involved in Zypher Network's funding round?
UOB Venture and Signum Capital play a leading role in the funding round, along with major names such as HashKey Capital, Hong Leong Group, Cogitent Ventures, Catcher VC, Hydrogenesis Labs, DWF Venture.
These investors all have experience and credibility in the field of Blockchain and finance, providing a solid financial foundation as well as a long-term development strategy for Zypher Network.
Real-world examples of the application and development prospects of Zypher Network
According to the 2024 internal report, Zypher Network successfully tested the AI Rollup platform with a transaction processing speed increased by 5 times compared to previous solutions, reducing gas costs by 30% and ensuring absolute user data security.
The application in healthcare supply chain management and DeFi shows potential for rapid expansion and economic as well as technical benefits, aimed at building global autonomous AI.
Comparing Zypher Network's technology platform with similar solutions
Zypher Network Criteria Traditional Solutions Core Technology Zero-knowledge, AI-specific Rollup Proof of Work, Layer 1 Blockchain Processing Speed Increased 5 times compared to the old standard Low, congested during peak hours Gas Costs Reduced by 30% High costs, unstable Data Security Fully protected with zero-knowledge Risk of leakage due to centralized control
Frequently Asked Questions
What are the standout technological features of Zypher Network? Zypher Network applies zero-knowledge protocol and AI-specific Rollup to significantly enhance security and transaction processing speed. Who leads the new funding round for Zypher Network? UOB Venture and Signum Capital, along with other strategic investors, participated in the $7 million funding round. How does this funding round impact product development? It helps Zypher Network accelerate the completion of autonomous AI infrastructure, expand utilities, and improve system performance. What is Zero-knowledge Protocol? This technology helps prove data correctness without revealing the original data, increasing security and privacy for users. What is the function of AI-specific Rollup? Rollup optimizes transaction processing for AI agents, reducing gas costs and increasing network scalability.
Source: https://tintucbitcoin.com/zypher-network-goi-von-7-trieu-usd/
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