Succinct — A decentralized network of provers.
Received two rounds of investment led by top venture capital firm Paradigm, totaling US$55 million in financing.
Although the ZKVM track is highly competitive, with projects such as Risc Zero competing from both sides, Succinct has the most advanced ZKVM technology currently available and can be said to be the king of this track. Its goal is to make zero-knowledge proofs simple and easy to use.
Polygon, Celestia, Avail, etc. all use Succinct’s infrastructure to build ZKP. Before that, it was a profitable project.
Succinct's core technology is SP1. SP1 is a high-performance, general-purpose zkVM that simplifies zero-knowledge proof (ZKP) development and supports blockchain applications (such as Rollups, coprocessors, and light clients). It provides maintainable code through Rust, accelerates development and launches, and has super-fast performance and low cost.
In particular, SP1 is the fastest zkVM with super-fast performance on a variety of real-world blockchain workloads, including light clients and rollups. With SP1, ZKP proof costs are an order of magnitude lower than other zkVMs and even circuits, making it both cost-effective and fast for real-world use.
Team Overview
This year is the first year of the Jiu Zi Li Fire Luck, a year of explosive female power. Recently, we can see that more and more female CEOs in the blockchain industry have emerged.
Uma Roy: Female founder, co-founder and CEO of Succinct, previously an engineer at Gantry. Master of Computer Science from MIT.
John Guibas: Co-founder of Succinct Labs, graduated from Stanford University in the United States.
Financing
The seed round raised $12 million , with participation from Paradigm, Robot Ventures, Standard Crypto, and Gnosis VC.
The A round received US$43 million in financing , with participation from Paradigm, Robot Ventures, Standard Crypto, Bankless Ventures, Geometry, ZKValidator (ZKV), Sreeram Kannan, Sandeep Nailwal, John Adler, Daniel Lubarov, Elad Gil, Eugene Chen, Andrew Huang, Ye Zhang, and Dev Ojha.
Paradigm led both rounds.
How to participate now
Succinct briefly opened up a closed testnet slot. The current testnet slot requires an activation code to activate.
There are currently three ways to get a closed testnet activation code. There are 25,000 places in total, and about 2,000 places are left. You can try your best!
1): Create meaningful and passionate content about Succinct and ZK, such as writing high-quality posts, engaging in meaningful discussions, and producing works using other creative media (art, music, memes, videos), and posting them on contributions and ・memes-art-media :Succinct: Share our latest developments within your circle to help expand our influence.
2) Interact with posts from @SuccinctLabs , @pumatheuma , @jtguibas and the Succinct team on X
3) Mention @SuccinctLabs in a discussion about ZK proofs, scalability, and verifiable computation
The current closed test network is relatively easy and interesting compared to other test network tasks, mainly to complete questions and small games. The goal is to accumulate stars. The more stars you have, the higher the airdrop ratio. There is even a KOL prediction that one star is equal to 8U.
After obtaining the activation code, activate it on the website: testnet.succinct.xyz. You need to transfer 10U for the first time and no need to transfer again. Later, the project party will transfer test U to the test network address every week to allow everyone to accumulate stars.
You don't need to spend U to read pictures (Veristar) and answer questions (truthlens) every week, but you need to spend U to play other games. U is limited every week, so if you want to get more stars, you just need to earn more stars with each U.
- You can find the correct answers to the pictures and questions online to ensure you get 22 stars.
- Vitalik’s verification game is the simplest, but the single consumption is high, 5U at a time, and the cost performance is low.
- The community believes that the second lowest cost-performance is the Floppy GPU (total cost 1-2U).
- As for other games such as 2048 (0.1U/star), Speed Turbo (0.1U/star), volleyball (0.1U/star), etc., it depends on which type of games you are better at. You can play the one you are good at.
The most popular choices among the community are the weekly free star-earning projects such as image recognition (Veristar) and question answering (truthlens), and the rest are consumed by U Play Speed Turbo.
