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.  

ZEXX: The Next-Gen Crypto Powerhouse Gears Up for Exchange Launch

By Press Release • November 6, 2025
The future of decentralized finance is moving fast — and all eyes are on $ZEXX , the emerging crypto ecosystem built by Zexx Ai , that’s redefining speed, scalability, and real-world integration . After months of development, testing, and community momentum, ZEXX is officially preparing for its exchange debut , with confirmed listings on major global platforms including BitMart and Biconomy — signaling a massive leap forward for one of 2025 ’ s most anticipated crypto launches .  Powered by Zexx Ai ( www.zexxai.com ), the project combines cutting-edge blockchain technology with smart automation and AI-driven innovation — building a true ecosystem , not just another coin. “ZEXX isn’t just a token — it’s a movement powered by technology, community, and transparency,” said a ZEXX spokesperson. “Our exchange listings and presale success mark the beginning of a new chapter — one where every transaction fuels momentum and every holder becomes part of the growth story.” Presale Milestone Achieved With over $100,000 raised in its presale , ZEXX has proven early confidence from its community and investors worldwide — setting a strong foundation ahead of its exchange launch. The overwhelming response highlights the growing belief in ZEXX ’ s mission to merge crypto with AI-driven automation . What Sets ZEXX Apart ⚡ High-Speed Transactions — Built for performance, ensuring lightning-fast trades and ultra-low fees. 💎 Holder Rewards — Every transaction contributes to growth, giving back to the ZEXX community. 🌍 Ecosystem Expansion — DeFi utilities, marketplace integration, and AI-driven scalability. 🤖 The ZEXX Bot — A symbol of power and intelligence, representing the future of automation in Web3. As Exchange launch unfolds, ZEXX is focused on exchange accessibility, liquidity, and expanding its global footprint , with more partnerships and exchange announcements rolling out through Q4. “ZEXX was designed to move differently,” the team added. “We’re building something built to last — powered by AI, community, and innovation.” The future is fast. The future is smart. The future is ZEXX. Stay Connected: 🌐 Website: www.zexxai.com 💰 Co i n Portal : www.TheZexxCoin.com 🐦 X (Twitter): @Zexx_Coin 📣 Telegram: Zexx Coin Official Join the community for real-time updates and launch alerts

Fulcrum Launches Fully Insured Crypto Lending Platform Offering Up to 12% APR on BTC, 13% on SOL and 14% on USDT

By Press Release • November 4, 2025
Fulcrum Lending, the crypto-backed financial services provider, today announced the launch of its platform. Fulcrum is tailored exclusively for investors, individuals or businesses, looking to achieve higher returns on major crypto (BTC, ETH, BNB, SOL) and stablecoin deposits (USDC, USDT). With annual returns of up to 14%, full-insurance, FINMA license and the interest payouts in the crypto deposited; the platform offers investors a secure, high-yield alternative to traditional savings accounts. The platform has been in beta and alpha stages for the last 6 months and now it’s celebrating its release.  New Alternative to Outpace Inflation Traditional savings accounts struggle to keep pace with inflation, often leading to a gradual loss of value for investors. Crypto saving accounts do offer higher returns, but they don't offer insurance for incidents that are common in crypto space. Fulcrum offers an alternative that combines predictable high returns of crypto with a fully insured and licensed platform, allowing investors to grow their savings faster than inflation with peace of mind. This platform is designed to empower individuals with greater financial control, helping them to break away from low-yield savings accounts and achieve more flexibility in their financial plans. "Fulcrum has always been about empowering our community with innovative ways, and we prove this commitment by providing investors with a high-yield alternative to traditional savings accounts, while giving them a peace of mind with full insurance and regulation" said Matthew Curtis, CEO and Founder of Fulcrum Lending. “We operate a strict regulatory licensing and compliance rigidly in all operations, ensuring your trust in us is well-placed. We are licensed and regulated by Swiss financial authority FINMA. We also hold all customer assets in a qualified custody Fireworks, and we fully insure them. We offer you best rates on the market no matter the market conditions are, and our team is available 24/7”. Key Features of Fulcrum Platform Earn up to 12% APR on BTC and ETH, 13% on SOL and BNB Earn up to 14% APR on USDT and USDC Borrow USDT at 16% APR Predictable rates that don’t change with market conditions Full Insurance of user deposits by Lloyd’s of London Licensed and regulated by Swiss financial authority FINMA Backed by known incubator YCombinator Customer assets stored by trusted digital asset custodian Fireworks Flexible withdrawal options of daily, monthly, quarterly and semi-annually Unlike many crypto yield products that rely on high-risk trading strategies, Fulcrum generates returns exclusively from lending activity on platform providing over-collateralized loans, ensuring a lower risk profile for investors. This means the customer deposits are used to fund secured loans, not volatile trading ventures. Fulcrum also guarantees that crypto payouts are held in full reserve and never leveraged—your crypto is always protected and not exposed to additional risk. “We’re able to offer investors a compelling alternative to traditional savings accounts that’s built on the foundation of our secure, over-collateralized loan book,” said Andrew Owen, Chief Revenue Officer at Fulcrum. “We only have the option of 50% loan-to-value ratio. That means for every 1 BTC worth of credit, we get 2 BTC as collateral.” How the Fulcrum Interest Account Works Fulcrum platform accepts deposits in crypto (BTC, ETH, SOL, BNB) and stablecoins (USDC, USDT). Investors will be able to receive monthly interest payouts in the crypto they deposited, giving them the flexibility to tailor their returns to their financial goals. Withdrawals are available after different lock-in periods, differing from 1 day to 6 months. The more the platform users lock-in funds in the platform, more returns they receive. How the Fulcrum Borrowing Works With Fulcrum, anyone can have access to borrowing power of up to $1 million by using their crypto assets as collateral, within 24 hours and with no credit history required. In this way they can borrow cash and hold their coins to see them grow while avoiding taxes. Fulcrum offers over-collateralized crypto-backed loans, stored in qualified custody, and only with 50% LTV. The automated platform provides instant funding in USDT. Availability of Fulcrum platform Fulcrum platform is now accessible to individuals and corporate investors seeking a secure, high-yield alternative to traditional saving and borrowing options. About Fulcrum Lend Founded in 2025 and headquartered in Switzerland, Fulcrum Lending is the pioneer of fully insured crypto-backed lending. Fulcrum’s mission is to build and enable simple, familiar, and novel crypto financial products that increase access to financial opportunities and give consumers more control over their ability to generate long-term wealth. Fulcrum's crypto lending products enable its users to receive interest in their idle crypto assets and seamlessly access credit against their crypto portfolios. For more information, visit https://fulcrumlend.com

Mevolaxy Launches Mobile App and Announces Record Payouts

By Press Release • November 4, 2025
Mevolaxy , a US-based mevstake platform, has released an intuitive mobile app to provide an easy solution for users who prefer managing their assets on the go. Additionally, the company announced that the latest investor payouts have set another record after the one set in June. These two developments highlight Mevolaxy's commitment to providing maximum user convenience as part of its community-centric approach.  Mevolaxy specializes in developing MEV bots and subsequently using them within the Mevstake system. Mevstake is the platform's proprietary technology that locks in the user's staking terms for the whole duration of their deposit. It serves as a guarantee that users will receive stable, predictable returns, regardless of market volatility or network changes. The Mevstake system allows users to contribute funds to a network-wide bot liquidity pool and receive a share of the profits. This makes tools previously available only to major traders accessible to a broad audience. The recent launch of the Mevolaxy mobile app means users can now access mevstake easily, even when away from their computers. The application is now available on the App Store. Early users already praised its speed, intuitive interface, and modern design. The app allows tracking accruals and statistics in real time, making interaction with the platform even more convenient. Mevolaxy also announced the latest investor payouts, totaling approximately $3.6 million. This figure represents a new record for the company, surpassing the $3 million in payouts set in June 2025. Company representatives noted that the growing payouts are a testament to the sustainability of their model and the trust of their users. About Mevolaxy Mevolaxy is a fintech company that seeks to expose users to blockchain-based gains through advanced MEV strategies. The platform’s flagship product, the mevstake technology, aims to break down barriers and make MEV accessible to all users, regardless of their experience with cryptocurrencies. The Mevolaxy team consists of blockchain infrastructure developers, financial analysts, cybersecurity engineers, DeFi specialists, marketers, and product managers. The company’s engineers have many years of experience working with high-load systems and advanced blockchain technologies from Ethereum, Solana, Arbitrum, zkSync, and other networks. Use the Mevolaxy app today to access advanced staking tools securely and without complicated settings or hidden fees. Learn more about Mevolaxy on its official website .

Samuel Drnda Rejects Multi-Million Dollar Acquisition Offers - Staying Independent to Build the Future of Decentralized Trading

By Press Release • November 3, 2025
In an era where billion-dollar acquisitions reshape the trading landscape, Samuel Drnda , founder and CEO of HyroTrader , made a bold and defining decision — he refused multiple acquisition offers worth tens of millions of dollars , choosing vision, innovation, and independence over a lucrative exit.  The offers followed the high-profile acquisition of Breakout by Kraken , one of HyroTrader’s main competitors. Shortly after, Drnda was approached by two of the world’s largest forex prop trading firms and one of the biggest global crypto exchanges , each seeking to fully acquire and absorb HyroTrader’s rapidly growing trading ecosystem. “Each offer had the same condition — total control,” said Drnda. “They wanted to buy everything we’ve built and integrate it into their structure. But HyroTrader was never built to be sold. It was built to change how the prop trading industry works.” A Vision Too Big to Sell Founded in 2020 , HyroTrader quickly evolved from a trading platform into one of the fastest-growing crypto prop trading firms in the world , empowering over 30,000 active traders and achieving consistent month-over-month growth. By 2024, HyroTrader was featured multiple times as the “Best Crypto Prop Firm” by leading trading and fintech media outlets — a recognition that reflected both its innovation and trader-first approach. Today, HyroTrader is setting a new global standard with Hyro Protocol , the first decentralized, non-custodial crypto prop trading infrastructure built on Solana . “From day one, our vision was to build a decentralized prop firm connected to multiple trading exchanges — a true on-chain ecosystem where traders, investors, and liquidity providers interact transparently,” said Drnda. “We’re not just another prop firm. We’re creating the infrastructure for the next generation of crypto prop trading firms.” From Bootstrap to Billion-Dollar Vision HyroTrader’s rise is even more remarkable because it was built entirely without venture capital. “In the early days, no VC wanted to invest even $200,000. We decided to bootstrap everything from scratch,” said Drnda. “Now, the same institutions that once ignored us are offering tens of millions to acquire us. That’s the power of staying true to your mission.” Today, HyroTrader operates profitably and independently, already valued in the hundreds of millions and on track toward becoming the first decentralized billion-dollar prop trading ecosystem . Beyond Money: The Power of Purpose Despite the life-changing offers, Drnda’s decision to remain independent was rooted in conviction, not calculation. “I come from a middle-class family — the offers I received would have changed my life,” he said. “But I’ve already achieved more than I ever dreamed of. At this stage, it’s not about money; it’s about building something meaningful with people I believe in and creating real impact for traders worldwide.” After the refusal, Drnda earned even greater respect from the HyroTrader team , partners , and trading community , strengthening the company’s culture of purpose-driven innovation. “Many founders dream of an exit. I dream of evolution — of building a decentralized, transparent, and trader-owned future.” The Next Phase: Hyro Protocol With Hyro Protocol , Drnda and his team are developing the foundation for the next generation of decentralized prop trading firms . Built on Solana , the protocol will connect multiple trading exchanges into one unified infrastructure, allowing traders, investors, and liquidity providers to interact seamlessly and verifiably on-chain. “Our mission is to democratize access to trading capital, remove intermediaries, and empower traders globally,” said Drnda. “Hyro Protocol isn’t just another product — it’s the infrastructure that will power the decentralized trading economy.” About HyroTrader HyroTrader is one of the fastest-growing and most recognized crypto prop trading firms in the world, empowering more than 30,000 traders with performance-based funding and transparent trading conditions. Featured multiple times as the “Best Crypto Prop Firm,” HyroTrader is now building Hyro Protocol — the first decentralized, non-custodial, multi-exchange trading infrastructure on Solana . Founded by Samuel Drnda in 2020, HyroTrader’s mission is to democratize access to trading capital and build the foundation for the next generation of decentralized prop trading firms.
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