Aligned Layer has secured a $20 million fundraising round headed by Hack VC, with participation from DAO5, Theta Capital, FinalityCap, Decima Fund, L2Iterative, NomadCapital_io, Symbolic VC, J17, Protagonist, EVG Ventures and other strategic partners and angels.
The Aligned Layer, driven by Eigen Layer, expands Ethereum’s capabilities by making it a faster, less expensive settlement layer for validity and ZK proofs. It streamlines proof verification, lowers expenses, and speeds up transactions. Developers may now focus on creating better products without worrying about the intricacies of proof generation.
The assistance of Alex Pack, Ed Roman, and Rodney from Hack VC has been particularly appreciated.
Engineers used to have to construct circuits to generate proofs, but Rust developers can now accomplish it effortlessly. The industry is making progress on accelerating proof generation, with hardware acceleration on the horizon.
Aligned Layer’s SDK enables developers to rapidly validate proofs in any smart contract. It uses Eigen Layer AVS to run several proof verifiers in Rust and Go without the need for a virtual machine, resulting in a decentralized network. In addition, an aggregation layer collects all proofs for verification in Ethereum.
Aligned Layer attempts to overcome the bottleneck in on-chain proof verification by lowering entry barriers for newcomers, speeding up proof generation, and cutting verification fees. This will open up new opportunities for innovation in the blockchain industry.
The team already has a running Cosmos SDK testnet and plans to launch an Eigen Layer testnet soon. The mainnet launch is on the horizon, with plans to showcase numerous apps developed on top of Aligned Layer.
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