Gevulot, a blockchain focused on zero-knowledge proofs, has completed a $6 million seed funding round. The round was led by Variant and featured participation from RockawayX, Volt Capital, and Staking Facilities, as well as individual backers, such as Polygon Labs CEO Marc Boiron and Manta Network founder Shumo Chu. Gevulot did not disclose its valuation. Gevulot plans to allocate the capital toward the rollout of its Layer 1 blockchain, which enables developers to harness ZK proofs and delegate computing tasks to an advanced network of hardware operators. This functionality creates new opportunities for scalable applications.
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