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#Succinct “Succinct Labs” (also known simply as Succinct) is a Web3 infrastructure startup building zero‑knowledge proof (ZKP) tools and networks—not a cryptocurrency token per se. There is no native “Succinct Labs crypto token” currently in circulation. ⸻ 🚀 What is Succinct Labs? • Succinct is a San Francisco–based company founded in 2022, backed by investors like Paradigm, Robot Ventures, Bankless Ventures, Geometry, and ZK Validator, among others, raising about $55 million in seed and Series A funding as of March 2024 . • Their core offerings: • SP1, an open-source, Rust‑based zk‑virtual machine (zkVM) targeting RISC‑V, designed to let developers write and compile standard code while producing zero‑knowledge proofs efficiently . • A decentralized prover network, enabling applications to outsource proof generation in a scalable, censorship-resistant way . • Use cases include rollups, zkEVMs, light-clients, data coprocessors, private voting, and cross-chain interoperability. • Major partners and adopters include Celestia, Wormhole, Lido, Avail, Near, Gnosis, and Polygon Labs .
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#Succinct Labs (also known simply as Succinct) is a Web3 infrastructure startup building zero‑knowledge proof (ZKP) tools and networks—not a cryptocurrency token per se. There is no native “Succinct Labs crypto token” currently in circulation. ⸻ 🚀 What is Succinct Labs? • Succinct is a San Francisco–based company founded in 2022, backed by investors like Paradigm, Robot Ventures, Bankless Ventures, Geometry, and ZK Validator, among others, raising about $55 million in seed and Series A funding as of March 2024. • Their core offerings: • SP1, an open-source, Rust‑based zk‑virtual machine (zkVM) targeting RISC‑V, designed to let developers write and compile standard code while producing zero‑knowledge proofs efficiently. • A decentralized prover network, enabling applications to outsource proof generation in a scalable, censorship-resistant way. • Use cases include rollups, zkEVMs, light-clients, data coprocessors, private voting, and cross-chain interoperability. • Major partners and adopters include Celestia, Wormhole, Lido, Avail, Near, Gnosis, and Polygon Labs .
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