Brevis Secures $7.5 Million Seed Funding to Revolutionize Blockchain Scalability

Innovative Blockchain Scalability

Brevis has successfully raised $7.5 million in seed funding, led by Polychain Capital and Binance Labs, to enhance blockchain scalability. This funding round includes participation from notable investors such as IOSG, Nomad Capital, Bankless Ventures, and HashKey. Brevis aims to transform blockchain applications by offloading complex computations to a low-cost off-chain network using zero-knowledge proofs (ZK Proofs).

Brevis ZK Coprocessor

The flagship product, Brevis's ZK Coprocessor, allows smart contracts to perform complex computations on historical on-chain data trustlessly. This development empowers developers to create data-driven and computation-intensive decentralized applications (dApps) without needing deep cryptographic knowledge. The Brevis SDK simplifies development, making advanced features accessible.

Expanding Use Cases

Brevis's technology enables innovative features such as decentralized blockspace marketplaces, autonomous DeFi parameter tuning, and automatic risk management. This expansion opens new opportunities for user engagement and retention programs, enhancing user experiences across various platforms.

Strategic Partnerships

Brevis has partnered with leading protocols and dApps, including Kwenta, JoJo Exchange, and Trusta, which have already integrated Brevis-powered features. Other prominent platforms like PancakeSwap, Celer, and Frax are developing next-generation products using the Brevis SDK. These collaborations are instrumental in driving blockchain innovation.

Future Developments

With the new funding, Brevis plans to expand its research and development team, focusing on integrating crucial off-chain verifiable computing components. The goal is to iterate on Brevis’s decentralized prover network and accelerate the adoption of the ZK Data Coprocessor. Brevis envisions a "glue-and-coprocessor" architecture, akin to modern Web2 services, enhancing blockchain scalability and user experiences without liquidity fragmentation.

Brevis's advancements promise to redefine blockchain capabilities, facilitating a new wave of decentralized applications and promoting broader Web3 adoption.