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Polychain Leads $15M Funding Round for Crypto Startup Polyhedra Network

Polyhedra Network, a startup that provides Web3 infrastructure backed by zero-knowledge (ZK) proofs, has raised $15m in a pre-Series A funding round led by Polychain Capital. The company is building a suite of systems focusing on blockchain interoperability, scalability and privacy, including zkBridge, which facilitates cross-chain asset and data transfers. ZkBridge uses zero-knowledge proof constructions to verify the validity of the consensus between two blockchains, offering strong security without relying on external assumptions and a significant reduction in on-chain verification cost. Polyhedra Network plans to integrate zkBridge into additional blockchain networks and launch application programming interfaces (API) and software development kits (SDK) to help developers build and collaborate.

(By Brandy Betz)

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