GRVT secures $39M in funding at a valuation, while Jiritsu secures $10.2M for Verifiable Computing development

GRVT, the pioneering startup poised to revolutionize the crypto exchange landscape, proudly announces a successful funding round, propelling the company to a robust $39 million valuation. The driving force behind this funding surge is none other than XYZ Ventures, an influential VC powerhouse in the blockchain arena, along with a consortium of astute investors.

GRVT’s visionary mission encompasses the fusion of the paramount attributes from both centralized and decentralized exchanges. This amalgamation promises to deliver unparalleled advantages including remarkable liquidity, minimal fees, lightning-fast transactions, and heightened security measures. In a bold stride, the platform will also embrace a diverse array of assets, encompassing cryptocurrencies, stablecoins, tokens, and NFTs.

The dynamic CEO and co-founder of GRVT expressed unwavering confidence in the company’s trajectory, affirming that this infusion of capital will act as a turbocharger for product development. Anticipating the grand unveiling of the beta version by year’s end, he underscored GRVT’s unwavering commitment to democratizing crypto access. The overarching vision revolves around empowering users with greater autonomy and transparency over their digital assets.

Blockchain tech firm Jiritsu secures $10.2 million to develop verifiable computing

Jiritsu, the Tokyo-based blockchain technology company, proudly announced the successful completion of its Series A funding round, securing an impressive $10.2 million. Leading this funding effort is the prestigious SoftBank Ventures Asia, joined by esteemed investors such as NTT Docomo Ventures and Mitsubishi UFJ Capital.

At the forefront of technological innovation, Jiritsu is diligently crafting a groundbreaking platform dedicated to verifiable computing. This transformative technique empowers users with the ability to authenticate the accuracy and integrity of computations conducted by third-party servers or cloud providers. The vast potential of verifiable computing encompasses the realms of security, privacy, and efficiency across diverse applications, including decentralized finance (DeFi), artificial intelligence (AI), and the Internet of Things (IoT).

Jiritsu’s pioneering platform harnesses the capabilities of blockchain technology, weaving together a network of nodes primed for computation and equipped to furnish cryptographic validations of their outcomes. With seamless convenience, users can submit their tasks to this network and complete transactions using the native token, JRT. The proof of correctness is readily accessible through Jiritsu’s open-source software or hardware devices.

In alignment with their grand vision, Jiritsu’s co-founder and CEO (distinct from Bitcoin’s pseudonymous creator) elucidated their mission: to erect an impregnable, transparent computing infrastructure, thereby empowering both users and developers alike.

“We firmly believe that verifiable computing constitutes a pivotal technology capable of unlocking the full potential of blockchain and other emerging technologies. By offering a platform that guarantees the veracity and integrity of computations, we facilitate users in outsourcing tasks without fear of malevolent or faulty servers. Additionally, we empower developers to conceive groundbreaking applications harnessing verifiable computing, from DeFi protocols executing intricate financial contracts to AI models that uphold data privacy, and IoT devices optimizing energy consumption,” Nakamoto stated confidently.

With the freshly secured funding, Jiritsu has outlined an ambitious agenda, including team expansion, platform development, and the eagerly anticipated mainnet launch slated for 2024. The company further seeks collaboration with fellow blockchain projects and industry partners to propel the adoption of verifiable computing. Seungyeon Kim, a partner at SoftBank Ventures Asia, expressed admiration for Jiritsu’s team and their technological prowess.

“Jiritsu stands among a select few globally pioneering verifiable computing, an avant-garde solution poised to address the pivotal challenges in the blockchain sphere, such as scalability, security, and privacy. We are thrilled to support Jiritsu’s vision of forging a verifiable computing platform poised to revolutionize various industries and applications,” remarked Kim.

In parallel, a partner from XYZ Ventures shared their enthusiastic endorsement for Jiritsu’s team, technology, and vision. She asserted that Jiritsu possesses the potential to disrupt the crypto exchange market, establishing a new paradigm for user experience and security. She expressed unwavering confidence in Jiritsu’s ability to execute their roadmap, delivering exceptional value to customers and stakeholders.

Jiritsu’s journey exemplifies the growing allure of the crypto industry, captivating the interest and investments of both visionaries and entrepreneurs. Amidst the burgeoning demand for crypto assets and services, Jiritsu is steadfast in its mission to offer an innovative, unique solution tailored to meet the needs of both novice and seasoned crypto enthusiasts.


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