Demox Labs has launched a new wallet called “Leo” for the privacy-oriented Aleo blockchain network. The wallet allows users to generate zero-knowledge (ZK) proofs within their browsers, enabling them to interact with Aleo’s ZK-based apps. Demox Labs also raised $4.5 million from investors to further develop ZK-proof technology through Aleo and other networks.
– Demox Labs has launched a new wallet called “Leo” for the Aleo blockchain network.
– The wallet allows users to generate zero-knowledge (ZK) proofs within their browsers.
– Demox Labs also raised $4.5 million from investors to further develop ZK-proof technology through Aleo and other networks.
Key points:
– The funding round was led by venture capital firm Hack VC and included participation from DCVC, Amplify Partners, Coinbase Ventures, CRV, OpenSea, and CSquared.
– The funds will be used to make Leo compatible with other ZK-proof blockchains and develop Web3 applications for enterprises.
– Aleo CEO Alex Pruden believes that zero-knowledge privacy technology is unique because it allows for “programmable privacy.”
– Aleo raised $28 million in April 2021 and acquired another $200 million in February 2022.
