- Brevis utilizes ZK Proofs to provide scalable off-chain compute.
- New financing will speed up R&D for greater blockchain capabilities.
Brevis, a Hangzhou-based smart verifiable computing platform, has raised $7.5 million in seed funding led by Polychain Capital and Binance Labs, with additional contributions from IOSG, Nomad Capital, Bankless Ventures, Hashkey, and famous angel investors. The investment will help Brevis achieve its goal of providing efficient off-chain processing for blockchain applications. It also addresses concerns around liquidity and state fragmentation.
Brevis is designed to fulfill the needs of data-driven and computationally expensive decentralized applications, allowing blockchains to conduct increasingly sophisticated activities off-chain while maintaining on-chain security. Brevis uses zero-knowledge (ZK) proofs to allow blockchain applications to offload costly calculations onto an off-chain network. This approach reduces costs and enhances scalability. A ZK proof confirms these computations, enabling apps to use off-chain results with the same security as on-chain transactions.
Brevis Vision for Scalable Blockchain Computing
Brevis’s core product, the ZK Coprocessor, allows smart contracts to securely access previous on-chain data. This includes past transactions and states, ensuring safe and trustless interaction. Developers may build complex dApps using the Brevis Go SDK without requiring a comprehensive understanding of cryptography, allowing for the smooth production of customized, efficient applications.
Brevis is already showing its potential through launch partners like Kwenta, JoJo Exchange, and Trusta, which have integrated Brevis-powered functionality into mainnet. Many other popular protocols are interested in joining. PancakeSwap, Frax, Gamma, and Tokemak are among those seeking Brevis integration to expand functionality for their dApps. The use cases span from autonomous DeFi parameter tuning and automated liquidity management to continuous incentive distribution, demonstrating the flexibility and scalability Brevis delivers to blockchain applications.
Brevis has also introduced an EigenLayer AVS, which uses a propose-challenge coprocessing model to improve ZK computation efficiency.
Brevis intends to use the new capital to expand its R&D staff and perfect its decentralized prover network. The company also plans to develop off-chain verifiable computing components. Brevis is pioneering a transformational approach to off-chain computation, opening up new possibilities in the blockchain sector, according to Olaf Carlson-Wee of Polychain Capital, who emphasizes the platform’s potential for redefining blockchain applications.
Brevis seeks to allow blockchain-based services to support large user bases via glue-and-coprocessor guidelines similar to modern Web2 applications. Michael Tung, Brevis’ co-founder, stated that while computations are handled off-chain, Brevis’ ZK computing platform assures on-chain trustlessness.
Brevis is paving the way for scalable, effective, and secure blockchain processing with this ground-breaking strategy, propelling the sector forward.
