Succinct Labs Launches SP1 Testnet
2024-05-13 09:01:35
On May 13th, ZK proof startup Succinct Labs announced the launch of the SP1 testnet. The SP1 testnet implements high-performance STARK recursion and EVM on-chain verification, enabling fast generation of end-to-end ZK proofs and on-chain verification on any EVM-compatible chain. Previously, Succinct Labs completed a new round of financing of $55 million, led by Paradigm, and participated by Robot Ventures, Bankless Ventures, Geometry, ZK Validator, Polygon co-founders Sandeep Nailwal and Daniel Lubarov, and EigenLayer founder Sreeram Kannan.
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