Blockchain and zero-knowledge proof research organization Nebra announced the completion of $4.5 million in financing, led by Nascent and Bankless Ventures, and participated by angel investors such as Tim Beiko of the Ethereum Foundation, Kartik Talwar of ETHGlobal, Nick White of Celestia, and Sandy Peng and Haichen Shen of Scroll.
Nebra plans to use the new financing to promote the democratization of zero-knowledge proof technology to reduce the cost of proof settlement on Ethereum and other blockchains, thereby creating the so-called new Internet Shared Settlement Layer. (The Block)