Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»Alpen Labs has come out of secrecy and revealed $10.6 million in past funding.
ADOPTION NEWS

Alpen Labs has come out of secrecy and revealed $10.6 million in past funding.

By Crypto FlexsApril 10, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Alpen Labs has come out of secrecy and revealed .6 million in past funding.
Share
Facebook Twitter LinkedIn Pinterest Email

Alpen Labs, a startup scaling Bitcoin with zero-knowledge technology and rollups, came out of secrecy on Wednesday and announced $10.6 million in pre-funding.

According to an official company announcement shared with The Block, venture firm Ribbit Capital led Alpen’s seed funding round in 2023, which allowed the company to grow its team of crypto experts and engineers. Other backers of Alpen Labs include Castle Island Ventures, Geometry Research, Stillmark, Village Global, Robot Ventures, Axiom Capital, WillowTree Investments, John Pfeffer, Charlie Songhurst, Charles Cascarilla, Ben Davenport, Ashwin Ramachandran, and Waitkit Lau.

Alpen Labs aims to help solve specific problems related to the Bitcoin network, including privacy, programmability, and scalability, using zero-knowledge proofs (ZKP). ZKP verifies the data without revealing any information about the data itself. Alpen aims to use zero-knowledge technology to help the network scale by breaking down the execution of large programs on Bitcoin into more manageable tasks that verify smaller digital signatures, the company said in a release.

Alpen Labs is also developing Bitcoin Rollup Infrastructure, a way to combine numerous transactions into one on the blockchain. The company plans to release more information about the Rollup ecosystem soon, with a goal of launching a testnet sometime in 2024.

“We envision Bitcoin’s programmable and scalable Layer 2 ecosystem as the best place for on-chain finance, from payments to lending, custody, stablecoins and use cases,” said Simanta Gautam, co-founder and CEO of Alpen Labs. “I’m doing it,” he said. From the release.

Some of the end goals envisioned by Alpen Labs include BTC-collateralized stablecoins, hashrate futures for miners, applications that provide trust-minimized returns on BTC, and overcollateralized lending on BTC.

“With over $1 trillion in Bitcoin stored, we believe it has significant potential to usher in a better monetary future with unprecedented global appeal,” Justin Saslaw of Ribbit Capital said in a statement. “By bringing more scalability, expressivity, and privacy to Bitcoin, the Alpen team is helping open opportunities for application-level creativity and growth for a more dynamic and inclusive financial ecosystem.”


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.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025

AI starts a cost -effective batch API for LLM request.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Join Earn Mining To Mine Easily And Earn $7752 A Day

June 26, 2025

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Weed® Announces Partnership With Khalifa Kush; Launches Global Commercialization

June 26, 2025

GBM Launches Auction Festival With The Sandbox, Aavegotchi, Unstoppable Domains, And More

June 26, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025
Most Popular

Binance adds new trading pairs and bot services, including CRV, PEOPLE and ARKM

May 16, 2024

The hacker behind the $2 million cryptocurrency heist received a job offer from Victim Protocol.

September 27, 2024

Arbitrum is eyeing a $400 million cryptocurrency gaming fund with a proposal for DAO.

March 15, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.