Nexus Launches Beta Version Of Open Prover Network

According to CoinDesk, Nexus, the developer of a zero-knowledge virtual machine (zkVM) written in Rust, has launched the first beta release of the Nexus network, described as the world’s first open prover network. The team stated that this is the first distributed zero-knowledge VM-based prover network accessible to anyone. The network aggregates the collective power of any connected device, from massive GPU farms to personal computers or phones. The goal is to unite the world’s computers into a single supercomputer capable of proving all the Internet’s computations, thereby unlocking the Verifiable Internet. In other news, Apex Fusion, a federated multi-chain layer-1 network, has raised $6 million in a private token sale. The network aims to provide a seamless experience for future blockchain builders and developers by combining UTXO and EVM transaction execution methods into a single decentralized ecosystem. The startup's team mentioned that the funds, raised with a fully diluted valuation of $180 million, will be used for marketing and further development of its network, which includes Prime, Nexus, and Vector chains. The network offers native bridges, interoperability protocols, and developer tools. Additionally, Livepeer, a decentralized video-streaming project, hosted an AI Demo Day, showcasing eight startups from its AI Startup Program over the past three months. The showcased startups, which are building the future of generative AI on decentralized infrastructure, include Flipguard, Katana Video, Newcoin, Operator, Origin Stories, Refraction, StreamEth, and Supermodel. Applications are now open for the Q4 cohort of the Livepeer AI Video Startup program, which includes $20K in grant funding.