Shared security project Othentic completes $4 million seed round of financing, Finality Capital Partners and Breyer Capital jointly lead the investment

2024-04-22 21:19:01BlockBeatsShare to:

ZK-0.43% ($1.839)

According to BlockBeats, on April 22, Othentic, a project focusing on shared security of distributed systems, announced the completion of a $4 million seed round of financing, led by Finality Capital Partners and Breyer Capital, with participation from Coinbase Ventures, HashKey Capital, Collider Ventures, BanklessVC, Robot Ventures, Everstake, PUNK DAO, etc. According to reports, Othentic is committed to creating novel distributed computing services by providing self-deployed infrastructure to launch systems with underlying shared security, including promoting innovative work on EigenLayer and Babylon. Its Othentic Stack allows AVS developers to self-deploy a network of operators that customize computing services and run arbitrary computing tasks in a trustless execution environment. In addition, Othentic introduced a framework for Stateless Rollups to support flexible and secure execution of off-chain computing. Stateless Rollups are computing networks that provide services to other networks or applications without being constrained by any specific blockchain. The framework facilitates the creation of coprocessors, ZK provers, privacy-preserving computation, decentralized order books, AI inference networks, vulnerability prevention systems, and other new services.

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Price	$1.839 USD	Price Change (24h)	-0.43%	Trading Volume (24h)	$9,211,364.27 USD
Market Cap	$68,229,314.74 USD	Circulating Supply	60,383,487	Max Supply:	1,000,000,000

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