ARPA Network, a leader in decentralized secure computation, has secured a $6 million strategic investment to support its expansion into fully on-chain gaming, Autonomous Worlds (AW), and cryptographic AI.
The investment is led by Nomura’s Laser Digital and DeFiance Capital, with additional support from Animoca Ventures, Metrics Ventures, ArkStream Capital, and Trinito. ARPA, founded in 2018, has been previously backed by Binance Labs, Arrington Capital, and DWF Labs.
ARPA’s Threshold BLS Network, launched in mid-2023, underpins verifiable Random Number Generators (RNGs), secure wallets, cross-chain bridges, and decentralized custody across multiple blockchains.
The new funding will help ARPA develop and launch new products, including DEAR, a fully on-chain game, and the integration of its ARPA Randcast verifiable Random Number Generator with Eigenlayer AVS, a platform for integrating various blockchain functionalities.
By integrating ARPA Randcast with Eigenlayer AVS, developers can leverage a secure infrastructure for generating random numbers and managing other critical operations in a decentralized environment.
DEAR, ARPA’s first fully on-chain game, is a smart-contract-based creature that challenges players to interact and shape its digital life. Launched on the Redstone Chain on May 15, the game explores the capabilities of smart contracts and the relationships between individuals in the community.
ARPA is also focusing on cryptographic AI to expand blockchain capabilities and lower the barrier to mass adoption. The team is building a proof-of-concept for privacy-preserving biometric technologies that offer secure access to the blockchain.
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May 31, 2024 – by Ali Nassar-Smith
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