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.
Contact
Senior Public Relations
Manager
Josh
Adams
Serotonin
josh@serotonin.co