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Gevulot Sets Firestarter Mainnet Launch on July 15, Explains ZK Endgame Approach

Press Release • May 22, 2024

Gevulot, a purpose-built L1, is launching the first shared prover layer optimized exclusively for zero-knowledge (ZK) proof generation and verification, starting with its mainnet prover network, Firestarter, going live on July 15. Whitelisted projects will receive public good access to the mainnet. Gevulot also provides an in-depth explanation of ZK Endgame and its approach to ZK, to ultimately bring the compute and cost overhead of verifiability to near zero.



The Gevulot Devnet is currently a free public good testnet for registered users and Galxe community participation is encouraged. Interested developers can start offloading provable compute or start benchmarking proof systems to enjoy production-ready proof generation to offset their existing overhead costs. As Gevulot scales, organizations interested in running prover nodes can apply here for the ZkCloud compute network, which currently has a pipeline of over 10,000 CPUs and GPUs which meet institutional requirements. 


Gevulot’s Approach to ZK Endgame


The Gevulot team believes zero-knowledge proving will characterize distributed systems in the near future. Zero-knowledge proofs enhance a blockchain network’s scalability, compatibility with other networks and applications, and privacy. Their purpose is validating computations and improving transaction integrity without revealing additional information.


A growing niche in the industry, including Gevulot, believes today’s infrastructure is not ready to embrace ZK proving yet. On the contrary, most applications rely on permissioned proving from a single prover, drifting away from the fundamental definition of a decentralized ecosystem, which should embody credible neutrality and censorship resistance.


Gevulot aims to solve the issues of present-day proving infrastructures and accelerate zero-knowledge proving adoption by building the ZkCloud, a decentralized compute network optimized for offloading arbitrary provable compute. This solution is slated to help unlock the near limitless compute capacity on blockchains via decentralized zero-knowledge proofs, which would represent the apex of distributed systems evolution. In other words, it would be the zero-knowledge endgame and, as the team puts it on their blog, “nothing short of all the world's compute being verifiable or as close to that as is allowed by physics.”


Zero-knowledge proving is rapidly evolving, drastically reducing the cost of verifying the accuracy of a third party’s computation. This solves the “cost of verifiability” dilemma, which has bothered industry experts since the dawn of distributed systems technology. It also means we can rely on the performance and redundancy characteristics of trusted computation without requiring trust.


The ZK Endgame aims for the compute and cost overhead of verifiability to approach zero. In other words, to reach its goal, zero-knowledge proving must also bring the required compute time to zero, and not only its financial costs.


Reaching absolute zero costs of verifiability is most likely unachievable. However, getting as close as possible to zero for verifiability and compute time may be possible by getting ZK proving on a trend line that involves several new breakthroughs in cryptography, hardware, and other essential metrics, such as bandwidth and/or electricity costs.


Gevulot is building ZkCloud to take zero-knowledge, proving on a trend line to the ZK Endgame while pushing technological frontiers. The project considers itself a contributor to reaching the pinnacle of zero-knowledge proving in distributed systems. As Teemu Päivinen, CEO and Co-founder of Gevulot, describes it:

“In our vision, we are the compute portion of this future cloud and world computer. We believe other teams will provide the data storage and other aspects of this cloud. I don't think it's going to be a single monolithic service. The only realistic chance of getting there is to utilize zero-knowledge proofs. Our short-term goal, which we're very much executing on currently and very excited about, is just lowering the cost considerably and then letting the cryptographers work their magic to make things faster."


ZkCloud is redefining cloud infrastructure with a product that is decentralized, censorship-resistant, and permissionless while providing universal access for proving.


About Gevulot


Gevulot offers the first shared prover layer for the modular stack, with internet-scale ZkCloud compute optimized for zero-knowledge proofs. It is designed to aggregate proving workloads from across the blockchain industry, improving economics for all participants and unlocking unprecedented use cases. Behind Gevulot is a veteran team of builders led by the founder of Equilibrium Labs, a group renowned for their protocol level R&D on projects such as Starknet, Solana, Aleo, Avail, and other significant industry projects.


Gevulot's mainnet prover network, Firestarter, will launch as a public good on July 15. The project has a growing list of prestigious partners, including Espresso, Gelato, Radius, Hylé, 0G labs, AltLayer, ZKM, Snapchain, Horizen Labs, Karnot, Airchains, Zeeve, and over 50 more to be announced. Their mission is to contribute to the ZK Endgame. Interested teams can contact Gevulot now for a potential grant.


Moreover, Gevulot enjoys the support of recognized VC backers with the project raising $6 million in a seed round in mid 2023. They include lead investor Variant and other industry-leading brands, such as Supranational, P2P.org, Staking Facilities, RockawayX Infrastructure, Marc Boiron (Polygon Labs), Shumo Chu (founder of Manta Network & NEBRA), Calvin Liu (CSO of Eigenlayer), George Lamberth (EIR dao5), and Mo Dong (founder of Celer & Brevis Network). Additional funding is still to be announced.

Other important milestones in Gevulot's roadmap include the release of an incentivized compute network in Q3 of 2024 and the ZkCloud mainnet launch, which should occur by 2025's first financial quarter.


You can follow the project’s development and stay up to date at these links: Website | X (Twitter) | Telegram | GitHub | LinkedIn | Docs | Galxe Campaign | Discord

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. None of the content on Crypto Folds is investment advice nor is it a replacement for advice from a certified financial planner. Please do your own research before purchasing or investing into any cryptocurrency.  

Doge is finally coming to Bitcoin: Satoshi and Elon have agreed, BitDoge is here

By Press Release • 13 Jun, 2024
Memecoins are the hottest trend in the crypto world, capturing the imagination of investors. From the rise of Pepe and Shiba Inu to the ecosystem of Solana meme coins like DogWifHat, these tokens are capturing the market. Amidst this buzz, a new early memecoin has emerged—BitDoge.  BitDoge: Doge Meets Bitcoin Blockchain The legendary Doge meme is about to evolve. BitDoge is here, combining the iconic fun of Doge with the stability and security of the Bitcoin blockchain. This new project fosters a fun and inclusive community for all crypto enthusiasts. BitDoge promises a new era for cryptocurrency, filled with potential for both established enthusiasts and newcomers alike. The BitDoge presale is on the horizon, offering an opportunity to join the community at an early stage. Stay tuned for more information, and follow BitDoge Twitter not to miss any updates. Is BitDoge More Than Just a Meme? BitDoge is packed with features that set it apart from other cryptocurrencies. The user-friendly staking system will allow holders to earn attractive rewards over time, incentivizing long-term engagement and loyalty. Additionally, the upcoming Play-to-Earn ecosystem will enable users to earn BitDoge tokens by participating in games, mixing entertainment with financial rewards. The advanced AI chat feature will offer interactive experiences with Doge, Elon Musk, or Satoshi Nakamoto, adding a unique, fun element to the crypto journey. The BitDoge roadmap outlines a clear path to success, starting with a strong community foundation and moving towards major exchange listings and DeFi integrations. With stages dedicated to expansion, including BitDoge-themed NFTs and a comprehensive rewards system for early holders, the future looks bright. The final phases will see the full launch of Play-to-Earn games and a marketing surge, ensuring BitDoge reaches a global audience. To get more details, you can join BitDoge Community and BitDoge Twitter ! About BitDoge BitDoge is a revolutionary memecoin that combines the charm and community spirit of Dogecoin with the security and stability of Bitcoin. BitDoge aims to bring a fun, accessible, and secure digital asset to the crypto market. With features like staking, Play-to-Earn games, and AI-driven interactions, BitDoge offers a vibrant and engaging ecosystem for all crypto enthusiasts. Join the BitDoge community today and be part of the next big thing in cryptocurrency!

Meet ZChains: Innovating at the Web3 Frontier

By Press Release • 13 Jun, 2024
Get ready to experience the next big thing in the Web3 universe— ZChains has officially entered the scene! ZChains is a state-of-the-art Layer 1 blockchain, boasting a modular, EVM-compatible structure powered by a Proof of Stake (PoS) consensus mechanism. What sets ZChains apart? It’s all in the PoS brilliance, which boosts security, scalability, and decentralisation by choosing validators based on their stake. It reduces risks, supports high transaction volumes, and ensures fast, reliable performance. PoS empowers a diverse group of participants, making security and governance stronger.  Get excited for a new wave of Web3 games, NFTs, and revolutionary decentralised applications (dApps) to be built on ZChains. That's not all. ZChains is also set to transform decentralised finance with a suite of DeFi apps, from user-friendly wallets to full-fledged exchanges. Step into the ZChains Ecosystem ZChains website and soon-to-be-launched mainnet marks a new era of innovation with cutting-edge dApps and revolutionary blockchain solutions. With ZChain's EVM compatibility, seamless integration with existing Ethereum-based dApps opens doors to endless possibilities. Alongside its in-house dApps, ZChains offers a robust framework that enables developers to build and drive substantial progress and creativity in the blockchain space. This integration fosters a dynamic environment for growth and innovation, making ZChains a key player in the future of dApps. One standout dApp within the ZChains ecosystem is Zwap — a streamlined token-swapping platform meticulously designed for simplicity and efficiency. With Zwap, users can swiftly access the required assets, experiencing smooth and effortless transactions. Continuing the momentum, the ZChains team has incorporated RWA tokenisation into their roadmap, enriching the user experience by offering a seamless platform for creating, launching, and managing tokens. Prioritising accessibility, this intuitive, user-friendly interface is poised to attract a diverse range of projects and investors. As the RWA tokenisation launchpad gains traction, it is expected to elevate the ZChains ecosystem to new heights, solidifying its position as a leader in the decentralised finance space. ZCD Token: Bridging worlds, fueling innovations At the core of the vibrant ZChains ecosystem lies its native token, ZCD. With a total supply of 15 billion ZCD, this token fuels transactions, powers interactions, and serves as a medium of exchange and payment method for gas fees within the ecosystem. A significant portion of the ZCD supply, 10 billion tokens, is earmarked for CEX allocation, ensuring widespread accessibility and liquidity across established exchanges. The remaining tokens are strategically allocated to marketing, foundation initiatives, and team holdings, laying the foundation for the ecosystem's sustainable growth. With its unique tokenomics, the ZCD ecosystem aims to bridge the gap between in-game and real-world economies, offering users a truly unique and immersive experience. But ZCD is not just a utility; it's a golden opportunity. With its own intrinsic value, ZCD is primed to make waves as it holds the potential to grow and perform well in the broader market. Excitingly, ZCD will hit the market soon, and you'll have the chance to grab it from a range of established exchanges that will be announced shortly. Keep an eye on our community platform for updates to ensure you don't miss out! We can’t wait to see how ZChains will shake up the market and leave a lasting impression on the world, propelled by their commitment to limitless possibilities. Be part of the community and stay tuned for all the latest updates by following and joining their platform. Website: https://www.zchains.com/ Twitter: https://twitter.com/zchains_io Telegram: https://t.me/zchains_io Instagram: https://www.instagram.com/zchains.io/

Nexura Studio, the Crypto Agency that’s Leading the Way in Web3 Marketing Innovation

By Press Release • 13 Jun, 2024
Nexura Studio , a Web3 marketing agency founded with a passion for innovation and a deep understanding of blockchain technology, has been at the forefront of promoting Web3 projects since its inception. Over the years, the crypto agency has evolved to meet the growing needs of a decentralized world, helping numerous companies build and expand their Web3 products.  Nexura agency's mission is to empower crypto projects by providing first-class marketing services tailored to the unique needs of the decentralized ecosystem. Range of Services They provide a comprehensive suite of services: SEO OPTIMIZATION In the fast-paced world of Web3, visibility is crucial. That's why Nexura's SEO services focus on improving website search engine rankings through advanced keyword research, on-page optimization, and high-quality backlink building. This increases online presence, driving organic traffic to the site and ensuring it stands out in search results to attract the right audience. SOCIAL MEDIA MARKETING Engaging your audience and building a strong online presence is crucial with SMM services. Nexura Web3 agency crafts and implements effective social media strategies on platforms like Twitter, Telegram, and Instagram. From creating content to managing communities, they ensure your brand speaks to your audience, boosting engagement and driving traffic to your project. PAY-PER-CLICK ADVERTISING Nexura marketing studio develops and manages targeted advertising campaigns on platforms like Google Ads and social media channels. They focus on precise keyword targeting and continuous optimization for high click-through rates and conversions, ensuring the best ROI. INFLUENCER MARKETING Influencers can boost a project's reach and credibility. Nexura's influencer marketing connects you with key Web3 figures who authentically promote your project. They find KOLs aligned with your brand and collaborate on campaigns to raise awareness and engagement among their followers. PUBLIC RELATIONS They craft press releases and secure media coverage in top industry publications. Their PR strategies highlight achievements, attract investor interest, and manage brand reputation effectively. By telling the right story, they build a positive image in the Web3 community. COMMUNITY MANAGEMENT Building and managing an active community is key for Web3 projects. Nexura's community management services focus on getting users involved, solving their issues, and growing a loyal community around the project. They craft communication plans to keep everyone informed and engaged, ensuring ongoing support. INDIVIDUAL APPROACH Every Web3 project is unique, requiring a customized approach to align strategies with specific goals and challenges. Nexura Studio's team of experts leverages the latest tools and techniques to deliver measurable results, ensuring the project thrives in the competitive Web3 landscape. To sum up Nexura Studio company excels in Web3 marketing with its blockchain expertise and innovative strategies. Offering tailored services, Nexura helps decentralized projects grow and succeed. Their commitment ensures measurable results and long-term engagement, making them a key partner for Web3 projects.

I AI Summit Costa Rica: Building the Future of AI Together

By Press Release • 13 Jun, 2024
We are pleased to announce the "I AI Summit Costa Rica: Building the Future of AI Together," an unprecedented AI event organized by the Qubic open-source community, in collaboration with Universidad Latina, CINDE, CamTIC, UNESCO, Microsoft, and Accenture. The event will be held at the Universidad Latina auditorium on Thursday, June 27, from 9:00 AM to 2:00 PM. This summit aims to bring together the most active and influential community in the field of artificial intelligence (AI) in Costa Rica, fostering the development and concentration of talent around this revolutionary technology.  The event will be attended by over 450 people, including academics, entrepreneurs, students, and professionals from the technology sector. The summit will serve as a platform for dialogue and collaboration between the business, public, and academic sectors on AI, exploring its applications, challenges, and opportunities for sustainable development and innovation in Costa Rica. Among the distinguished collaborators of the event are: Universidad Latina: As the event host, Universidad Latina reaffirms its commitment to education and technology advancement in the country. CINDE: The Costa Rican Investment Promotion Agency will support the summit by promoting economic development and attracting technological investments. CamTIC: The Costa Rican Chamber of Information and Communication Technologies will contribute its expertise in policy development and strategies for the growth of the technology sector in the country. UNESCO: Their participation will highlight the importance of ethics in the development and use of artificial intelligence, promoting principles of equity and justice in technology. Microsoft: As a global leader in technology, Microsoft will offer its expertise and perspectives on AI implementation in different sectors. Accenture: The consulting and professional services firm will present success stories and strategies for digital transformation through AI. The "I AI Summit Costa Rica: Building the Future of AI Together" promises to be a turning point for the country's technology community, establishing solid foundations for ongoing and fruitful collaboration in the field of artificial intelligence. We invite all interested parties to follow and participate in this historic event through our social media and distribution platforms. For more information and updates, visit our official website and social media: Registration link: https://lu.ma/qubiccr2024 Website: Qubic.org Together, we are building the future of artificial intelligence in Costa Rica. For press inquiries, please contact: Alberto Fernández Qubic Europe Ecosystem Representative af@qubic.org About Qubic Qubic is a community project dedicated to driving technological development and innovation, with a particular focus on artificial intelligence and the development of decentralized open-source solutions. Through events, workshops, and strategic collaborations, Qubic seeks to strengthen the technology community around AI and promote local talent.
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