On general-purpose networks like Ethereum, verifying a single ZK proof can consume 200,000–300,000 gas and cost between $20–60 during peak times. zkVerify takes on this burden, providing a cheap, fast, and scalable verification layer for multiple networks. 

Team & Development 

• Developer: Ellipsis Distributed Systems 
• Lead Contractor: Horizen Labs 
• Designed to solve rising verification costs and EVM limitations with the growth of ZK-rollups. 

Partnerships 

• Horizen – Strategic collaboration 
• Base (Coinbase’s L2 solution) – One of the first major integrations 
• Additional: Developer competitions, grants, and community incentives support the ecosystem. 

Project Idea and Purpose 

The project’s core idea is solving the cost and complexity issues of ZK proof verification. As ZK-rollups and ZK technology expand, affordable and reliable proof verification becomes critical. 

Main Goals of zkVerify: 

• Lower Verification Costs: Reduce costs by over 90% compared to Ethereum and stabilize them against gas volatility. 
• Proof System Independence: Directly verify multiple ZK proof systems (STARK, Groth16, Plonky2) without conversion. 
• Universal Verification Layer: Offer seamless, cross-chain verification across ecosystems like Ethereum, Solana, and more. 

How It Works (Technical Innovation and Difference) 

• Dedicated Modular L1: A blockchain focused solely on ZK proof verification with its own consensus and security. 
• Proof-Agnostic Architecture: Compatible with Fflonk, Groth16, Plonky2, and easily expandable to new proof systems via runtime upgrades. 
• High Performance: Millisecond-level verification without competition from other transaction types. 
• Workflow: Accepts user-generated ZK proofs, verifies them, and records both proof and result on-chain. 

Objectives and Solutions 

• Native verification for STARK and SNARK without conversion. 
• Multi-chain compatibility: Ethereum, Solana, Bitcoin L2s, etc. 
• Up to 90% savings on verification fees. 
• Millisecond-level scalability. 

Governance 

• VFY holders can vote on: 
• Network upgrades 
• Protocol changes 
• Adding new proof types 

Roadmap 

• May 2024: First testnet launch 
• Sept 2024: Community & developer testing 
• Q1 2025: Volta permanent testnet, staking, governance 
• June 2025: Horizen partnership + Base integration 
• July 2025: 1M verification transactions completed 
• September 30, 2025 – VFY token will be listed on Binance Alpha and Binance Futures. 

VFY Token 

• Name: zkVerify (VFY) 
• Total Supply: 1,000,000,000 VFY 
• Max Supply: 1,000,000,000 VFY 
• Circulating Supply: 331,190,000 VFY 

Utilities: 

• Transaction fees for verification 
• Staking for validator security 
• Governance voting 
• Incentives: developer grants, hackathons, community rewards 

Distribution

• Community: 373,064,875 VFY (37.3%) 
• Foundation: 330,635,125 VFY (33.1%) 
• Core Contributors: 196,300,000 VFY (19.6%) 
• Investors: 100,000,000 VFY (10%)
• Unlock schedules are gradual with monthly releases post-TGE. 

Ecosystem & Use Cases 

• Multi-chain compatibility: Single verification layer for Ethereum, Solana, Bitcoin L2s 
• AI Security: Proofs for AI models (deepfake prevention, data provenance) 
• Privacy Regulations: GDPR/CCPA-compliant proofing without leaking PII 
• ZK Applications & Rollups: Offload heavy verification to zkVerify for speed and cost reduction 

Key Features 

• Modular L1 dedicated to ZK verification 
• Proof-agnostic: Groth16, Plonky2, Fflonk, STARK, RISC0, UltraPlonk supported 
• 90%+ cheaper than Ethereum 
• Millisecond verification speeds 
• Future-proof with runtime upgrades 

Official Links 

• Website
• Twitter
• Telegram

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Founded in 2018, Offchain Labs initially focused on scaling Ethereum through optimistic rollups. Goldfeder emphasized that the broader goal has always been solving the toughest user experience challenges in blockchain technology. He told Blockworks that this acquisition is not a single milestone. “We started with layer two, moved to layer one, and now we’re advancing to the smart contract layer,” he said. 

We've acquired @zerodev_app!

One of the most talented teams in crypto building next-gen smart accounts.

This reinforces our commitment to solving the hardest onchain problems and building a unified development platform for all teams, regardless of their mandate. pic.twitter.com/3Nf3eU9Q6a

— Offchain Labs (@OffchainLabs) August 13, 2025

ZeroDev supports over 5 million smart accounts across more than 30 blockchains. Its tools help projects deliver seamless user experiences and are actively used by Apecoin, Conduitxyz, Crossmint, Defidotapp, DIMO Network, and Infinex. This integration aligns directly with Offchain Labs’ vision for the $ARB ecosystem. Goldfeder added, “They are leaders and innovators in smart accounts. Their profile fits perfectly with our team.” 

Improving $ARB User Experience with Smart Accounts 

Smart accounts enable gas abstraction, programmable security, and automated transactions. This allows $ARB users to interact with the ecosystem more smoothly. Goldfeder noted that current challenges are not only technological but also involve fragmented developer experiences. “Wallet integration and support gaps make ARB transactions complicated,” he said. ZeroDev’s tools aim to eliminate these barriers. 

He gave a relatable example: “When I watch a video on YouTube, it doesn’t ask me which cloud provider to use. Blockchain should be just as seamless.” This approach reduces friction within the Arbitrum ($ARB) ecosystem, including cross-chain transactions. 

Offchain Labs’ Vision and Scaling Plans for $ARB 

Offchain Labs continues to focus on technical scaling alongside user experience improvements. Hybrid rollup architectures and ZK-proof integration remain central to the company’s roadmap. As a result, $ARB holders can execute transactions faster and more efficiently. Moreover, this tools-first strategy directly supports the mass adoption of blockchain technology. 

The ZeroDev acquisition marks a new era for $ARB developers and users. It ensures wider adoption of smart accounts and smoother interactions throughout the Arbitrum ecosystem. 

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Arbitrum $ARB Investors Celebrate New Development! appeared first on Coin Engineer.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Indexing data from major networks like Ethereum, the platform delivers it through a decentralized network of validators. Every data query is cryptographically verified via the Proof of SQL — a sub-second ZK coprocessor built to ensure tamper-proof transparency for smart contracts.

Big Players Are Already on Board: Microsoft, Chainlink, ZKsync…

According to co-founder Scott Dykstra, Space and Time is already being integrated by major institutions and cloud providers like Microsoft Azure, Google BigQuery, as well as leading crypto projects like Chainlink, Sui, and ZKsync. Developers can now securely connect cloud databases to smart contracts with cryptographic proofs.

The platform’s native utility token, SXT, is set to launch on May 8. As an open and permissionless network, the team encourages community members to join as validators and delegated stakers.

During its testnet phase, over 30 validators participated globally, including in the US, Europe, Asia, and Latin America.

Space and Time received strategic funding led by Microsoft in 2022, followed by a Series A round in 2024. MakeInfinite Labs, the core contributor, has also supported other notable projects such as Blitzar and the Chainlink DeFi Yield Index.

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The post Space and Time Mainnet Launches With Support From Microsoft and More appeared first on Coin Engineer.