@Succinct Brothers learn about a coin every day
@Succinct is a technology company dedicated to building a decentralized prover network.
The company was founded in 2022 in San Francisco by Uma Roy and John Guibas. SuccinctLabs aims to enable anyone to build blockchain applications and infrastructure protected by cryptographic facts rather than trust. Its core product, SP1 zkVM, is a high-performance, general-purpose zero-knowledge virtual machine that allows developers to write code in Rust and automatically generate zero-knowledge proofs, lowering the development barrier. Additionally, SuccinctLabs operates a decentralized prover network, SP1, which is a two-sided marketplace where anyone can request proof of software verification, and hardware operators can also become provers and earn rewards.
SuccinctLabs has raised $55 million from institutions such as Paradigm, Robot Ventures, and Bankless Ventures to provide highly available proof generation infrastructure for rollups, co-processors, and other applications utilizing zero-knowledge proofs. On August 5, 2025, the Succinct mainnet officially launched, initiating its native token $PROVE, which can be traded on exchanges such as Binance, Coinbase, and Gate.io.