NovaNet is a zero-knowledge-proof (zk) incentive and coordination network that provides locally verifiable computation and privacy-preserving applications. It supports use cases including AI, decentralized physical infrastructure networks (DePIN), and gaming. NovaNet's zkVM is built on the NIVC (non-uniform incremental verifiable computation) paradigm and lets developers choose circuit size to optimize memory and performance. Users pay only for the portions they actually use. Its verification nodes operate across multiple chains and environments, including Ethereum, Avalanche, Solana, Internet Computer and even Web2 servers. The company completed a $3 million financing led by Finality Capital, with Arrington Capital, the Avalanche Foundation and others participating.

Total raised

$3M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2024