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.
Theon Barrett shines as a distinguished crypto analyst, accomplished researcher, and skilled editor, making significant strides in the field of cryptocurrency. With an astute analytical approach, Theon brings clarity to intricate crypto landscapes, offering insights that resonate with a broad audience. His research prowess goes hand in hand with his editorial finesse, allowing him to distill complex information into accessible formats.