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Home»ADOPTION NEWS»Aligned Layer has raised $20 million to develop a verification layer for scaling dapps.
ADOPTION NEWS

Aligned Layer has raised $20 million to develop a verification layer for scaling dapps.

By Crypto FlexsApril 25, 20242 Mins Read
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Aligned Layer has raised  million to develop a verification layer for scaling dapps.
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Aligned Layer is a blockchain project focused on verifying proofs generated by Layer 2 dapps. High $20 million in Series A funding round. This round was led by Hack VC, with participation from DAO5, Iterative Layer, Nomad Capital, and Finality Capital. The company did not disclose its latest valuation.

The Aligned Layer is designed to act as a verification layer for validity and zero-knowledge proofs, supporting the scaling of decentralized applications on Ethereum and potentially other blockchain networks.

This will be one of several services actively verified for EigenLayer protocol re-staking. As an ASV, Aligned Layer derives its security from EigenLayer’s re-staking mechanism.

The project aims to simplify and reduce the costs associated with proof creation and verification, allowing developers to focus on product development without worrying about scaling their infrastructure. We want to verify evidence cheaply and quickly and integrate the results into Ethereum and all data availability platforms such as Celestia and EigenDA.

The verification software was developed using Rust and Go programming languages. Aligned Layer also plans to provide a software development kit to allow developers to verify proof results within smart contracts.

Aligned Layer’s roadmap includes migrating to the EigenLayer testnet in the coming weeks ahead of mainnet launch.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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