ScalingX, a global developer community, and accelerator dedicated to advancing Web3 and blockchain technologies, with a focus on scaling technologies like Zero-Knowledge Proof (ZKP), announced today an incubation program to help relevant startups gain initial traction.

The 12-week-long incubation program called zkTech Camp aims to facilitate more extensive adoption of zero-knowledge technology in the Web3 and blockchain space. One of the eligibility criteria is for startups to make use of a variation of the ZKP technology. Eligible startups will not only get $100-500k funding per project but also be offered a range of support and consultation on every aspect of starting a project including branding and strategy, token economics, market making, and talent recruiting. Timeline and more details of the zkTech Camp will be announced on ScalingX’s official channels following the announcement.

A zero-knowledge proof allows for proving the validity of a statement without revealing the statement itself. The technology is critical to the vision of a more secure and private and decentralized modern web, or Web3, for its use cases in user-permissioned privacy and scalability.

In fact, many believe ZKP to be one of the major innovations that will drive the continued evolution of the blockchain. However, the adoption of the ZKP technology has yet to take up speed. It is evidenced by the relatively small number of repositories and developer commits on Github: 1,317 repositories and 322,000 commits, as opposed to 57,207 and over a million when searching Ethereum-related developer activities.

Lack of knowledge is a top hindering factor among others. Founded by an individual investor and Forbes 30-under-30 entrepreneur Chichi Hong and seasoned venture capitalist and entrepreneur Jayden Wei, ScalingX works to lower the entrance barrier of this technology for the world’s most talented developers and entrepreneurs.

Hong is a passionate blockchain investor who has led investments in a lot of notable Web3 projects including Dfinity (seed round), Circle, CertiK (seed round) and Partisia. And Wei, an early adopter of Bitcoin and Ethereum, was previously the executive director of the renowned blockchain venture capital Collinstar Captial.