Home Computing GRVT raises funds at $39M valuation As Jiritsu Secures $10.2M to develop Verifiable Computing

GRVT raises funds at $39M valuation As Jiritsu Secures $10.2M to develop Verifiable Computing

by Amelia Ramiro

GRVT, a startup aiming to revolutionize the crypto exchange industry, has recently secured an undisclosed amount of funding at a valuation of $39 million. The funding round was led by prominent VC firm XYZ Ventures, with participation from several other investors.

The main objective of GRVT is to create a hybrid crypto exchange platform that combines the best features of centralized and decentralized exchanges. By doing so, the company hopes to provide users with high liquidity, low fees, fast transactions, and enhanced security. Additionally, GRVT’s platform will support multiple types of assets, including cryptocurrencies, stablecoins, tokens, and NFTs.

The funding will greatly contribute to GRVT’s product development and allow the company to launch its beta version by the end of this year. The CEO of GRVT emphasized that the company’s vision is to democratize access to the crypto economy and empower users with more control and transparency over their assets.

Another noteworthy development in the blockchain space comes from Jiritsu, a Tokyo-based blockchain technology company. Jiritsu recently raised $10.2 million in a Series A funding round led by SoftBank Ventures Asia, with participation from existing investors NTT Docomo Ventures and Mitsubishi UFJ Capital.

Jiritsu is focused on developing a platform that enables verifiable computing, a technique that allows users to verify the correctness and integrity of computations performed by third-party servers or cloud providers. This technology has the potential to enhance the security, privacy, and efficiency of various applications, including decentralized finance, artificial intelligence, and the internet of things.

By leveraging blockchain technology, Jiritsu creates a network of nodes that can perform computations and provide cryptographic proofs of their results. Users can submit their tasks to the network and pay for the service using Jiritsu’s native token, JRT. The platform also offers open-source software and hardware devices for users to verify the proofs.

The CEO of Jiritsu expressed the company’s belief in the transformative power of verifiable computing. The platform aims to create a trustless and transparent computing infrastructure that can empower users and developers alike. This technology can unlock the full potential of blockchain and other emerging technologies by guaranteeing the correctness and integrity of computations, ensuring a more secure and efficient environment.

Jiritsu plans to use the recently acquired funds to expand its team, develop its platform, and launch its mainnet in 2024. The company also intends to collaborate with other blockchain projects and industry partners to promote the adoption of verifiable computing. SoftBank Ventures Asia, impressed by Jiritsu’s team and technology, believes in the potential of verifiable computing to solve scalability, security, and privacy challenges in the blockchain space.

Both GRVT and Jiritsu exemplify the increasing attention and capital the crypto industry is attracting. As the demand for crypto assets and services continues to grow, these startups aim to provide unique and innovative solutions that cater to the needs of both novice and experienced users. With their respective visions and technologies, they have the potential to disrupt the industry and establish new standards for user experience, security, and transparency.

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