New York, NY, June 28, 2024, Chainwire
ApeChain, being built on behalf of the ApeCoin DAO, will now be able to support proficient, low-cost zero-knowledge proof verificationzkVerify, a modular protocol optimized for zero-knowledge proof verification developed by Horizen Labs, has successfully integrated with ApeChain’s Jenkins Testnet, the highly anticipated Arbitrum Orbit Chain. This integration aims to significantly expand the types of Web3 games that can be efficiently run on ApeChain with high performance. Developers building on ApeChain, optimized as a gaming-focused platform, will be able to leverage zkVerify’s zero-knowledge proof verification technology to optimize transaction processing and reduce proof verification costs by 90%+ — potentially saving millions of dollars in annual spend on projects built on ApeChain. This performance boost will enable developers to leverage zkVerify to build more elaborate gaming experiences, such as card games, fog-of-war games, and prediction-based market games. The ApeChain initiative was first announced in February 2024 by ApeCoin DAO, the decentralized autonomous organization behind ApeCoin (APE). ApeCoin itself is an ERC-20 utility and governance token used in the APE ecosystem.
Improving Web3 Games with zkVerify on ApeChain
While zero-knowledge proofs offer significant privacy, scalability, and security benefits in blockchain applications, they are pricey and computationally intensive. This has been a major obstacle to widespread adoption in Web3 games and applications that require rapid and regular transactions to provide a seamless user experience. zkVerify addresses these issues directly by offloading the proof verification process from the main chain. In doing so, it significantly reduces the computational burden on the blockchain, enabling faster and more cost-effective transactions.
Rob Viglione, Co-Founder and CEO of Horizen Labs, said: “We are proud to enhance ApeChain with zkVerify technology. By significantly reducing the cost of proof verification and supporting complex games with high transaction volumes via zkVerify, we are positioning ApeChain as the leading destination for Web3 games. This integration marks a significant step forward in delivering efficient and scalable blockchain solutions for both developers and users.”
As a result of the integration, developers can now create groundbreaking ZK-based games that leverage different types of proofs, including those traditionally challenging to verify on . This advancement simplifies the development process of ZK projects, making it more accessible to a wider range of developers. Additionally, the implementation of zkVerify as Substrate palettes enables high customization, ensuring optimal performance and security for projects built on ApeChain.
About ZkVerify
zkVerify is a modular blockchain designed to efficiently verify ZK evidence across various blockchain stacks. It enables any Layer 2 projects and dApp developers that leverage zero knowledge to scale quickly and cost-effectively by drastically reducing verification costs without compromising network performance.
Designed to integrate seamlessly with existing blockchain networks, zkVerify minimizes technical overhead and provides a developer-friendly environment. By simplifying the zk proof verification process and reducing associated costs, zkVerify increases the performance of existing blockchain networks and unlocks modern opportunities in the broader Web3 ecosystem.
For more information, users can visit https://zkverify.io
About Horizen Labs
Founded in 2019, Horizen Labs is a leading blockchain technology company specializing in zero-knowledge cryptography. Dedicated to scaling decentralized networks, Horizen Labs is taking blockchain technology to unprecedented levels of performance. Focused on developing next-generation modular architectures, Horizen Labs sets modern standards in performance, security, and cost-effectiveness. Horizen Labs is trusted by industry giants such as Yuga Labs, Animoca Brands, and Offchain Labs. Additionally, it is a development arm of Ape DAO and Horizen DAO to develop leading projects such as ApeChain and Horizen. Horizen Labs is a globally distributed team with offices in Milan and New York.
Users can obtain more information at https://horizenlabs.io.
contactSenior Public Relations ManagerJosh AdamsSerotoninjosh@serotonin.co
