Axiom Raises $20 Million in Series A Funding
Crypto infrastructure company Axiom has secured $20 million in Series A funding. The funding round was led by crypto-focused venture firms Paradigm and Standard Crypto, with additional support from Robot Ventures, Ethereal Ventures, and others.
ZK Cryptography: A New Approach to Authenticated Data Access
Axiom is introducing a new approach to authenticated data access using ZK cryptography instead of consensus. By utilizing ZK, Axiom enables on-chain applications to compute over more data at a lower cost. This includes the entire history of Ethereum in Axiom V2.
This infrastructure allows developers to integrate transaction history data into on-chain applications and collaborate with other smart contracts.
About the Author
MK Manoylov has been a reporter for The Block since 2020, covering various crypto news stories. MK holds a graduate degree from New York University’s Science, Health and Environmental Reporting Program (SHERP) and has also contributed to WebMD and Insider.
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