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PolyHedra Network raised $20M in a Strategic funding round
Date: March 14, 2024
Infrastructure for Web3 Interoperability PolyHedra Network raised $20M in a Strategic funding round led by Polychain Capital, with participation from Animoca Brands, Hashkey Capital, LongHash Ventures, Emirates Consortium, Mapleblock Capital, UOB Venture Management, Symbolic Capital (ex Hyperedge Capital), MH Ventures, ArkStream Capital.
PolyHedra is an infrastructure for Web3 Interoperability with cutting-edge zero-knowledge proof systems. It has developed several infrastructure offerings: ZK bridge (zkBridge) solution to send assets between web2 and web3 systems; a ZK decentralized identity solution (zkDID), a scalability solution, using a large-scale distributed proof generation network called ParaPlonk, to accelerate ZK rollups; design space for Web3 through highly scalable middlewares including ZK-NFT containers.
All funding rounds, links and details you can find on the project page PolyHedra Network