New York, NY, June 28th, 2024, Chainwire
ApeChain, being built on behalf of the ApeCoin DAO, will now be able to support efficient, low-cost zero-knowledge proof verification
zkVerify, a modular protocol optimized for zero-knowledge proof verification developed by Horizen Labs, has successfully integrated into ApeChain’s Jenkins Testnet, the highly anticipated Arbitrum Orbit Chain. This integration aims to significantly expand the types of Web3 games that can efficiently launch on ApeChain with high performance. Developers building on ApeChain, optimized as a gaming-first platform, will be able to leverage zkVerify’s zero-knowledge proof verification technology to optimize transaction processing and reduce proof verification costs by 90%+ — potentially saving millions in annual expenses for projects built on ApeChain. This efficiency gain will enable developers to leverage zkVerify to create more intricate gaming experiences, such as card games, fog of war games, and prediction market-based games. ApeChain was first announced by ApeCoin DAO, the decentralized autonomous organization behind ApeCoin (APE), in February 2024. ApeCoin itself is an ERC-20 governance and utility token used within the APE ecosystem.
Enhancing Web3 gaming with zkVerify on ApeChain
While zero-knowledge proofs offer significant benefits for privacy, scalability and security in blockchain applications, they are costly and computationally-intensive. This has been a significant hurdle for the widespread adoption of Web3 games and dApps, which require fast, frequent transactions to provide smooth user experiences. zkVerify addresses these issues head-on by offloading the proof verification process from the main chain. By doing so, it significantly reduces the computational burden on the blockchain, allowing for faster, more cost-effective transactions.
Rob Viglione, Co-founder and CEO at Horizen Labs, said: “We’re proud to enhance ApeChain with zkVerify’s technology. By significantly reducing proof verification costs and supporting complex, transaction-heavy games through zkVerify, we’re making ApeChain a premier destination for Web3 gaming. This integration marks a significant step forward in delivering efficient and scalable blockchain solutions for developers and users alike.”
As a result of the integration, developers can now create innovative ZK-based games that utilize various types of proof attestations, including those traditionally challenging to verify on Ethereum. This advancement simplifies the development process for ZK projects, making it more accessible to a broader range of developers. Additionally, zkVerify’s implementation as Substrate pallets allows for high customization, ensuring optimal performance and security for projects built on ApeChain.
About zkVerify
zkVerify is a modular blockchain dedicated to efficiently verifying zk proofs across diverse blockchain stacks. It enables any Layer 2 projects and dApp developers that utilize zero knowledge to scale rapidly and cost-effectively by drastically reducing proof verification costs without compromising network performance.
Designed for seamless integration with existing blockchain networks, zkVerify minimizes technical overhead and provides a developer-friendly environment. By simplifying the zk proof verification process and reducing associated costs, zkVerify enhances the performance of existing blockchain networks and unlocks new capabilities within the broader Web3 ecosystem.
For more information, users can visit https://zkverify.io
About Horizen Labs
Founded in 2019, Horizen Labs is a leading blockchain technology company specializing in zero-knowledge cryptography. Dedicated to scaling decentralized networks, Horizen Labs is elevating blockchain technology to unprecedented levels of efficiency. By focusing on developing next-gen, modular architectures, Horizen Labs is setting new standards for performance, security, and cost-effectiveness. Horizen Labs is trusted by industry giants such as Yuga Labs, Animoca Brands, and Offchain Labs. Additionally, it is the development company engaged by the Ape DAO and Horizen DAO to develop leading projects such as ApeChain and Horizen. Horizen Labs is a globally distributed team with offices in Milan and New York City.
For more information, users can visit https://horizenlabs.io.
ContactSenior Public Relations ManagerJosh AdamsSerotoninjosh@serotonin.co
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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