KR1, a crypto and blockchain investment company, today announced their latest investment. The company is investing a total of USD 200,000 in the Starks Network (STN). Project. KR1 participated in Stark’s seed funding round led by IOSG Ventures and Hypersphere Ventures.
Project: Starks Network
Starks Network enables the calculation and analysis of personal data without sending it to third parties, thus preventing private data from being stolen or misused.
The Starks network enables a novel approach to self-sovereign data and self-evidencing computations and uses a zk-STARK-based virtual machine for general computations to provide zero-knowledge proofs as a service (ZKPaaS) to other parachutes in Polkadot or Kusama. As such, the network could become a backbone as a confidential computing infrastructure for the ecosystem in the future.
“Starks is a research-oriented project from the academic field. We are happy to support such a competent team in their mission to securely integrate data into blockchain applications while protecting user privacy. This opens up new opportunities and will help drive the development of the blockchain space. “
– George McDonaugh, managing director and co-founder of KR1