TechFlow reported on September 17 that, according to The Block, Fermah, a developer of a universal proof generation layer, announced it has raised $5.2 million in seed funding led by a16z Crypto Startup Studio (CSX) and Lemniscap, with participation from Bankless Ventures, Longhash Ventures, Public Works, ZKValidator, among others. Fermah aims to address challenges related to zero-knowledge (ZK) proofs by acting as a marketplace for ZK proof generation. The new funds will be used to strengthen teams across marketing, engineering, and other departments, as well as expand its product offerings.
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