Succinct has teamed up with Tandem, a startup studio and venture capital arm of Offchain Labs, to bring zero-knowledge proofs to the Arbitrum ecosystem.
Summary
- Offchain Labs’ Tandem and Succinct have partnered to advance zero-knowledge proofs on Arbitrum.
- Succinct price recently rallied amid exchange listing
The Succinct (PROVE) platform, which allows developers to tap into zero-knowledge proofs with its zero-knowledge virtual machine SP1, said in an announcement that its exclusive one-year partnership with Tandem will focus on scaling ZK rollups on Arbitrum (ARB).
The decentralized Succinct Prover Network integrates with some of the decentralized finance ecosystem’s top protocols, including Celestia, Avail, Lido and Polygon. As they eye the Arbitrum ecosystem, the partners will look to tap into Succinct’s ZK systems and Offchain Labs’ in-house engineering.
“We’re convinced that every rollup will use ZK,” said Uma Roy, chief executive officer of Succinct. “This partnership indicates Tandem’s confidence in Succinct, and I’m proud of the technical excellence that we have built over the last three years. Serving Arbitrum chains is a top priority, and Tandem’s team brings deep technical and strategic insight that will help us get to market faster and push our business forward.”
Future of blockchain
Tandem’s collaboration with Succinct is one of Offchain Labs’ milestones on a roadmap that aims to enable scaling across the ZK landscape.
Embracing zero-knowledge infrastructure allows Off Chain Labs to advance Ethereum’s versatility as the ecosystem witnesses increased demand for scalable and fast privacy-preserving blockchain applications.
“The future of blockchain depends on scalability, and Succinct’s modular ZK provers reduce settlement time from days to minutes, enabling faster capital movement, better user experience, and lower operational complexity,” said Ira Auerbach, head of Tandem by Offchain Labs. “Its approach to modular ZK proving is directly aligned with our vision of how Arbitrum and the broader blockchain ecosystem can evolve.”
Tandem’s capital investments across the ecosystem include in cross-chain composability project Espresso Systems, encrypted computation layer Fhenix and and layer 3 solution Xai. Privacy, consensus and application-layer scalability innovations are key features of these solutions.
