Gevulot completes US$6 million in seed round financing, led by Variant

Gevulot, a zero-knowledge proof blockchain project, completed a $6 million seed round of financing. Variant led the round, with participation from RockawayX, Volt Capital, Stake Facilities, Polygon Labs CEO Marc Boiron, and Manta Network founder Shumo Chu, among other individual investors. The funding will be used for the launch of its Layer 1 blockchain, which enables developers to utilize ZK proofs and delegate computation tasks to an advanced hardware operator network.