According to The Block, zero-knowledge proof startup RISC Zero has completed a $12 million seed round of financing, led by Bain Capital Crypto, with other investors including Geometry, D1 Ventures and Cota Capital, as well as Optimism co-founder and CEO Jinglan Wang and Coinshares Chief Strategy Officer Meltem Demirors et al. RISC Zero will use zero-knowledge proof technology to build a scalable blockchain. In March, RISC Zero launched a zero-knowledge proof virtual machine that enables developers to build zero-knowledge proofs.