Million

Cosmos

Aligned Layer has successfully <a href="https://blog.yetanothercompany.xyz/a-fully-aligned-round-20m-series-a-round/" target="_blank" rel="noreferrer noopener" data-wpel-link="external">raised</a> a $20 million funding round, led by Hack VC, with participation from DAO5, L2Iterative, NomadCapital_io, FinalityCap, Symbolic VC, Theta Capital, J17, EVG Ventures, Decima Fund, Protagonist, and other strategic partners and angels. The support of Alex Pack, Ed Roman, and Rodney from Hack VC has been especially appreciated. 
Aligned Layer, powered by Eigen Layer, enhances Ethereum’s capabilities by making it a faster, cheaper settlement layer for validity and ZK proofs. It simplifies the process of verifying proofs, reducing costs, and speeding up transactions. Developers can now focus on building superior products without worrying about the complexities of proof generation. 
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 🟩 A Fully Aligned Round: $20M Series A Round🟩 Aligned Layer is pleased to announce a $20M fundraise led by Hack <a href="https://twitter.com/hack_vc?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">@hack_vc</a>, with support from <a href="https://twitter.com/daofive?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">@daofive</a>, <a href="https://twitter.com/l2iterative?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">@l2iterative</a>, <a href="https://twitter.com/NomadCapital_io?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">@NomadCapital_io</a>, <a href="https://twitter.com/FinalityCap?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">@FinalityCap</a>, <a href="https://twitter.com/symbolicvc?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">@symbolicvc</a>, <a href="https://twitter.com/theta_bv?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">@theta_bv</a>, <a href="https://twitter.com/J17Crypto?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">@J17Crypto</a>, <a href="https://twitter.com/EVG_Ventures?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">@EVG_Ventures</a>, <a href="https://twitter.com/decimafund?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">@decimafund</a>, GM Ventures,… <a href="https://t.co/nL2ykP8tF6" target="_blank" data-wpel-link="external">pic.twitter.com/nL2ykP8tF6</a>— Aligned Layer (@alignedlayer) <a href="https://twitter.com/alignedlayer/status/1783413821752725525?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">April 25, 2024</a>
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Previously, engineers had to write circuits to generate proofs, but now, Rust developers can easily do so. The industry is making strides in accelerating proof generation, with hardware acceleration on the horizon. 
Aligned Layer aims to address the bottleneck in on-chain proof verification by reducing barriers for newcomers, speeding up proof generation, and lowering verification costs. This will open up new avenues for innovation within the blockchain space. 
Through its SDK, Aligned Layer enables developers to verify proofs efficiently in any smart contract. It utilizes Eigen Layer AVS, running different proof verifiers in Rust and Go without any VM, creating a decentralized network. Additionally, an aggregation layer aggregates all proofs for verification in Ethereum. 
The project already has a working testnet with Cosmos SDK and is moving towards an Eigen Layer testnet soon. Mainnet launch is on the horizon, with plans to showcase various applications built on top of Aligned Layer. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/04/24/perplexity-ai-raises-62-7m-eyes-2b-valuation-with-new-funding/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">Perplexity AI Raises $62.7M, Eyes $2B Valuation with New Funding</a> 
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Aligned Layer Secures $20 Million In Funding Led by Hack VC

The Crypto Times

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