TLDR:
- Zero-knowledge project Hylé raised $2.6 million in funding led by Framework Ventures.
- The funding will be used to launch the mainnet quickly and develop additional proving schemes for their ZK tech stack.
Exclusive ZK project Hylé raises $2.6 million in funding round led by Framework Ventures
Zero-knowledge project Hylé secured $2.6 million in funding, with Framework Ventures leading the funding round. The total funding raised by Hylé now stands at $3.4 million, with an additional $1.5 million in revenue from their NFT project briqNFT. Hylé aims to be the core layer for the modular ZK tech stack and will use the financing to launch its mainnet quickly and onboard backend experts and protocol engineers.
Hylé’s network is designed to verify zero-knowledge proofs (ZKP) for scalability and privacy. The firm plans to build proving schemes such as Polygon zkEVM, Cairo, and Noir, in addition to creating tools for developers looking to leverage zero-knowledge technology in their applications. Co-founder Sylve Chevet emphasized the importance of ZK technology, stating that it goes beyond regular blockchain setups and offers immense potential for innovation.
The funding round also saw participation from Cherry Crypto, Fabric Ventures, First Capital, and Heartcore Capital. Hylé’s board of directors will remain unchanged as it continues its mission to revolutionize the way zero-knowledge technology is utilized in various applications.
