Axiom raises $20M in series A round led by Paradigm, Standard Crypto

January 26, 2024 04:00 AM AEDT | By Invezz

Axiom raises $20M in series A round led by Paradigm, Standard Crypto — Image source: Invezz

Compute entire history of Ethereum data

With Axiom, projects and developers on Ethereum can use smart contracts to access historical data. The protocol’s software helps to process data off-chain before it’s moved onto the Ethereum mainnet for verification via ZK proofs.

“By using ZK, Axiom allows on-chain applications to compute over more data at a lower cost, starting with the entire history of Ethereum in Axiom V2,” the platform wrote on X.

Earlier today, decentralized data warehouse Space and Time announced its GPU accelerator framework for Proof of SQL was now available to ZK projects.

According to Axiom, its V2 makes it possible for developers to trustlessly incorporate transaction history, compose with other decentralized applications (dApps) and add modular pieces to dApps without modifying the existing business logic.

Axiom announced the testnet release for Axiom V2 in late November 2023. The protocol went live on the Ethereum mainnet on January 22, 2024.

The post Axiom raises $20M in series A round led by Paradigm, Standard Crypto appeared first on Invezz

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