Opside has raised $4 million to expand its ZK-RaaS platform. It secured funding by completing a $4 million seed round to expand its platform.
Opside, a cutting-edge three-tier infrastructure platform providing ZK-RaaS (ZK-rollup-as-a-service), recently completed a successful $4 million fundraising seed round.
The funding was led by Web3.com Ventures and highlighted the growing interest in this innovative solution with participation from other key investors in the crypto industry.
Opside has developed a general purpose ZK-rollups software development kit that allows developers to deploy their applications in Opside layer 3 without the need for any infrastructure. Opside takes care of consensus and data availability at layer 2, ensuring that all transactions and generated data are hashed and stored in the layer 2 Opside chain. This groundbreaking approach opens up a world of new possibilities for on-chain applications such as games and social networks that require faster transaction processing and lower fees.
The seed round funding will be used to accelerate Opside’s development, expand its team and scale its operations to meet growing demand for its services. Opside will fill a gap in the market underserved by existing ZK-RaaS solutions by focusing on ZK-RaaS and proof-of-stake (PoS) and proof-of-work (PoW) consensus, providing a better experience for applications and users.
“We are excited that Web3.com Ventures and other top investors are supporting our mission to make ZK accessible to applications and general users of all sizes,” said Nanfeng, Opside co-founder and CEO. “This funding will allow us to continue to innovate and develop our platform as we expand our team and client base.”
Opside’s innovative approach to ZK-RaaS and PoS and PoW reconciliation has already attracted great interest in the industry. This seed round funding will enable the company to further strengthen its position as a leading platform in this space. As more businesses seek to optimize their applications and increase efficiency, Opside is well positioned to become the go-to platform for applications that want zero-knowledge technology and attract users who demand speed, security and entertainment.
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