{"id":74447,"date":"2023-02-21T21:12:24","date_gmt":"2023-02-21T19:12:24","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=74447"},"modified":"2025-09-09T20:10:40","modified_gmt":"2025-09-09T17:10:40","slug":"polyhedra-network-raises-10-million-in-round-led-by-binance-labs-and-polychain-capital","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/polyhedra-network-raises-10-million-in-round-led-by-binance-labs-and-polychain-capital\/","title":{"rendered":"Polyhedra Network raises $10 million in round led by Binance Labs and Polychain Capital"},"content":{"rendered":"<p>Infrastructure <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-web3\">Web3<\/a>-startup Polyhedra Network raised $10 million in a funding round led by Binance Labs and Polychain Capital, according to <a href=\"https:\/\/www.theblock.co\/post\/212924\/binance-labs-and-polychain-co-lead-zk-startup-polyhedra-networks-10-million-raise\">The Block<\/a>.<\/p>\n<p>Among other participants: Animoca Brands and Dao5. <\/p>\n<p>The developers of Polyhedra Network have built several products based on <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-zero-knowledge-proof\">zero-knowledge proofs<\/a>, including:<\/p>\n<ul class=\"wp-block-list\">\n<li>zkBridge \u2014 a solution for transferring assets from Web 2.0 to Web3 systems;<\/li>\n<li>zkDID \u2014 a system for decentralized identification;<\/li>\n<li>ParaPlonk \u2014 a scaling solution based on <a href=\"https:\/\/u1f987.com\/en\/news\/what-are-rollups-and-how-do-they-scale-ethereum\">ZK-Rollups<\/a>.<\/li>\n<\/ul>\n<p>The startup plans to expand integration with various blockchains, make its products more accessible to developers through <span data-descr=\"an interface that allows developers to interact with software\" class=\"old_tooltip\">API<\/span> and <span data-descr=\"a set of tools for software development\" class=\"old_tooltip\">SDK<\/span>, and improve the ParaPlonk protocol. The funds raised will also be used to hire staff.<\/p>\n<p>Over the past six months, infrastructure projects accounted for roughly 20% of total crypto venture deals.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"401\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/20-percent-1024x401.png\" alt=\"20-percent\" class=\"wp-image-198635\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/20-percent-1024x401.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/20-percent-300x118.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/20-percent-768x301.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/20-percent.png 1524w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: The Block Research.<\/figcaption><\/figure>\n<p>Earlier, gaming-focused Web3 startup <a href=\"https:\/\/u1f987.com\/en\/news\/web3-tooling-startup-nefta-raises-seed-round-at-32-5-million-valuation\">Nefta raised $5 million in seed funding<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Polyhedra Network raised $10 million in a funding round led by Binance Labs and Polychain Capital.<\/p>\n","protected":false},"author":1,"featured_media":74448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1133,1110],"class_list":["post-74447","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-venture-investments","tag-web-3-0"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=74447"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74447\/revisions"}],"predecessor-version":[{"id":74449,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74447\/revisions\/74449"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/74448"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=74447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=74447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=74447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}