$55 million financing for Succinct, is the ZK track about to change?

When Paradigm leads the way, with institutions like Robot Ventures and Bankless Ventures following suit, a whopping $55 million is being poured in, and the entire Web3 community is asking: What kind of magic does @Succinct hold? The answer lies in its positioning—rather than being a single ZK application, it aims to be the 'infrastructure provider' for all ZK applications. This 'water seller' logic is reshaping the industry landscape.

@Succinct is like the 'electric company' of the ZK world. Whether you're developing a privacy wallet or building a cross-chain bridge, you need the proof services it provides. Through a decentralized network, it has lowered the cost of proof generation to the lowest in the industry, even 30% cheaper than centralized solutions. This 'cost-performance ratio' has attracted giants like Polygon, and it currently supports 35 protocols, safeguarding over $4 billion in assets.

$PROVE is the 'stock of the electric company'; the more prosperous the network, the greater the demand for tokens. Its smart contract employs multi-signature management for the staking pool, and its cross-chain compatible design solves the problem of heterogeneous chain communication, with technical strength far exceeding its peers. The strong performance after launching on Binance has already shown the market's recognition of this model.

From an industry trend perspective, ZK technology is shifting from 'optional' to 'essential', and Succinct has already seized the high ground in infrastructure. #Succinct is using the power of capital to accelerate the popularization of ZK technology. #Succinct's $55 million financing is not the endpoint, but the starting point of ecological expansion. #Succinct's bet by giants proves that it has positioned itself at the forefront of the ZK track. #Succinct missing out on this could mean missing the biggest dividend of the ZK era.