In the world of cryptocurrency, two projects with a focus on zero-knowledge, a cryptographic concept that enables the verification of a statement’s truth without inspecting its actual contents, have announced successful fundraising efforts.

Modulus, a startup aiming to “bring AI on-chain” by harnessing zero-knowledge technology, recently secured $6 million in funding. The funding round, headlined by Variant and 1kx, also received support from Stanford University’s Blockchain Builders Fund. Modulus is positioning itself as a platform that utilizes zero-knowledge proofs to enable AI developers to verify the functionality of their tools without compromising decentralization. The company has disclosed an upcoming partnership with Worldcoin.

In a separate development, Evolution Equity Partners led a $5 million funding round for Toposware, a software development firm based in Boston. Toposware is striving to attract developers with its “zkEcosystem.” Notably, Sandeep Nailwal, co-founder of Polygon, participated in the funding round. Additionally, Toposware’s advisory council boasts prominent members, including Meta’s director of infrastructure and the global general manager of IBM.

Registering DigiFinex now grants you a newcomer’s package worth $550: Click to register

DigiFinex, originating from Singapore and established in 2017, is a leading global cryptocurrency exchange. Upholding the values of diversity, integrity, and trustworthiness, DigiFinex provides users with secure 24/7 services for buying, selling, trading, storing, and staking cryptocurrencies.

Join our exclusive Fans Club for latest event : Telegram