Ethereum scaling protocols drive zero-knowledge proof use in 2023

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The sector has also attracted investment across a number of segments, including new zk-based layer 2’s and zkEVMs (Ethereum Virtual Machines) as well as zk-proofs for off-chain computation.

Ethereum scaling firm Starkware, which helped pioneer zk technology, as well as Ethereum co-founder Vitalik Buterin invested in Kakarot, which is a zkEVM running on Starkware’s technology that aims to build layer-3 applications.

The report also highlights a $115 million raise by Worldcoin to continue the development of its zk-powered digital identity application and ecosystem. Swiss nonprofit Anoma Foundation also features in the report, after its latest $25 million raise to continue building its third-generation blockchain architecture for decentralized applications.

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