Today, we’re unveiling Fermah, the universal proof generation layer
Aggregating demand from various sources allows suppliers to leverage economies of scale.
These market dynamics enable a reduction in costs for proof generation.
In turn, the range of use cases that can practically leverage ZKP technology grows.
This creates a flywheel that grows the aggregate demand for proofs and enables further economies of scale to lower costs.
Fermah abstracts away the complexity of using zero-knowledge proofs.
Our vision is to make ZKPs the default substrate for all computation.
In the words of @naval:
We’re committed to transforming computation and trust on the Internet.
If this resonates with you, explore career opportunities at careers dot fermah dot xyz or DM @vanishree_rao or @PranitGarg.
Together, let's bring moon math to the masses!
The @a16zcrypto CSX fund and @Lemniscap were major contributors to our $5.2M seed round.
Funds including @BanklessVC, @LongHashVC, @POpsTeam1, @publicworksfm, @zkv_xyz, @class_lambda, @daedalus_angels, @zero__dao, and @velocitycap_ also participated in this round.
Beyond funds, S-tier builders also participated as angels in this round. This includes @balajis, @musalbas, @nickwh8te, @sandeepnailwal, @jdkanani, @zac_aztec, @clairekart, @dlubarov, @sergey_nog, @gregoireljda, and many others.
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