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ZK Roll Up as a Service Provider, Opside, Secures $4 Million in Seed Round Financing

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On April 6th, ZK RaaS (ZK roll up as a service) provider Opside announced the completion of a $4 million seed round financing, led by Web3.com Ventures. The seed round funds will b

ZK Roll Up as a Service Provider, Opside, Secures $4 Million in Seed Round Financing

On April 6th, ZK RaaS (ZK roll up as a service) provider Opside announced the completion of a $4 million seed round financing, led by Web3.com Ventures. The seed round funds will be used to accelerate the development of Opside, expand its team, and expand its operational scale.

ZK-RaaS provider Opside completed $4 million seed round financing

Opside, a leading ZK Roll Up as a Service (RaaS) provider, has announced the completion of a $4 million seed round financing. The funding, which was led by Web3.com Ventures, will be utilized to accelerate the development of Opside, expand its team, and scale its operations.

What is Opside?

Opside is a ZK Roll Up as a Service provider that enables organizations to utilize zero-knowledge technology to improve the scalability and security of their blockchain applications. The platform offers a range of services, including data verification, off-chain computation, and transaction compression.

ZK Roll Up Technology

Zero-Knowledge Rollups (ZK Rollups) have emerged as an effective solution to address the scalability challenges facing the Ethereum network. ZK Rollups enable users to bundle a large number of transactions into a single transaction, significantly reducing the gas fees associated with transactions on the network.
Opside’s ZK Roll Up technology improves the performance and scalability of blockchain applications by processing off-chain transactions in a secure and scalable manner while retaining the security guarantees of the underlying blockchain.

The Seed Funding Round

Opside’s $4 million seed round funding was led by Web3.com Ventures, a venture capital firm focused on investing in blockchain-based startups. Other investors in the funding round included Slow Ventures, Mechanism Capital, Polychain Capital, and Alameda Research.
The funds will be used to accelerate the development of Opside’s ZK Roll Up technology, expand its team, and scale its operations to meet the growing demand for its services.

The Significance of the Funding Round

The completion of the seed funding round is a significant milestone for Opside, as it enables the company to take its ZK Roll Up as a Service platform to the next level. The funding will enable Opside to hire more developers and researchers to work on the platform, which will result in faster development times and a broader range of services.
The funding will also help to increase awareness of the benefits of zero-knowledge technology and ZK Rollups, which could lead to increased adoption of these solutions by businesses and organizations.

Conclusion

Opside’s completion of its $4 million seed round financing is a significant milestone for the company and the ZK Roll Up industry. The funding will enable Opside to accelerate the development of its platform, expand its team, and scale its operations, which will result in faster development times and a broader range of services.
With the growing adoption of blockchain technology and the increasing demand for scalable solutions, zero-knowledge technology and ZK Rollups are likely to play an increasingly important role in the future of blockchain-based applications.

FAQs

**Q: What is ZK Roll Up as a Service?**
A: ZK Roll Up as a Service is a platform that enables organizations to utilize zero-knowledge technology to improve the scalability and security of their blockchain applications.
**Q: What are the benefits of ZK Rollups?**
A: ZK Rollups enable users to bundle a large number of transactions into a single transaction, significantly reducing the gas fees associated with transactions on the network.
**Q: Who led the seed round financing for Opside?**
A: The seed round financing for Opside was led by Web3.com Ventures.

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