Evan Marshall

🟩 A Fully Aligned Round: $20M Series A Round🟩 Aligned Layer is pleased to announce a $20M fundraise led by Hack @hack_vc, with support from @daofive, @l2iterative, @NomadCapital_io, @FinalityCap, @symbolicvc, @theta_bv, @J17Crypto, @EVG_Ventures, @decimafund, GM Ventures, @ProtagonistXYZ, and other strategic partners and angels. We want to specially thank @alpackaP, @ed_roman, and @0xRodney from @hack_vc for their support. Read the full announcement: blog.yetanothercompany.xyz/a… What? Aligned Layer, thanks to @eigencloud, enables Ethereum to become a better, faster, and much cheaper settlement layer for validity and ZK proofs. We verify proofs cheaply and quickly, and post their results in Ethereum and any DA layer that the developer wants. We provide developers with new options to focus on building the best products possible for the users. Why? Until recently, it was difficult for engineers to prove their code. They had to write circuits to generate proofs. A few months ago, it became possible for Rust developers to easily prove their code. Dozens of companies are working on accelerating the speed at which proofs are generated. As an industry we are also close on having hardware acceleration to quickly generate proofs close to real time. In the near future, proof generation won’t be the biggest bottleneck but on-chain proof verification costs. Applications that use validity and ZK proofs can’t be implemented in Ethereum due to the high costs of verification. We actually created Aligned Layer because we wanted to implement some of these applications and it was not possible to do so. Also, it’s currently impossible to verify some proving systems on Ethereum due to its high costs or due to how the EVM works. We believe that by reducing barriers and friction for newcomers, decreasing the proving time, and lowering the costs of on-chain verification, we will unlock unprecedented levels of exploration and innovation within the space. How? We verify these proofs, post the results in Ethereum and any DA layer. We provide the developer with an SDK to check the results of our verification of proofs in any smart contract. This is only possible thanks to being an Eigen Layer AVS that runs different ZK and validity proofs verifiers written directly in Rust and Go without any VM in a decentralized network. In addition we will also have an aggregation layer that will aggregate all proofs that then will be verified by Ethereum. Read the draft white paper here: whitepaper.alignedlayer.com Check out the code here: github.com/yetanotherco/alig… When? We already have a first simple testnet working with Cosmos SDK. We are migrating to an Eigen Layer testnet in the upcoming weeks. We are working hard to deliver mainnet as soon as possible. We are also working on showing different examples of what can be built on top of Aligned Layer. In the next few weeks, we will also be sharing the partnerships we are launching and the angels that are supporting us in our mission. At last Follow the founders' journey here: @fede_intern and @thisisrj. Join our Telegram: t.me/aligned_layer and Discord: discord.com/invite/alignedla…