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Through Gitcoin, which is the largest fund-raising and construction platform for Web 3.0, creators and builders of Web 3.0 projects can obtain funding from community users. As of the end of March, there are over 2,400 projects and 312,000 active developers on Gitcoin, with a fundraising amount of USD 54.6 million. Gitcoin Grants is a regular crowdfunding event held by Gitcoin that allows community users to invest in promising new projects without any quota. Gitcoin Grants Round 13 (GR13), which started on March 9 and ended on March 24, featured more than 800 projects that were classified by tags. In particular, there were over 20 projects under the zkTech tag.
zkTech projects refer to projects focusing on zero-knowledge proof (ZKP) that are early-stage, open-source, or public goods. ZKP is playing an increasingly important role in the blockchain space. For instance, Zcash, a noted privacy-preserving project, uses ZKP to protect users’ transaction privacy. Meanwhile, ZKP has also been recognized for its importance for Ethereum scaling. Vitalik has praised ZK Rollup, a ZKP-based project, on many occasions and even considers it to be a long-term solution for Ethereum’s Layer 2 (https://zeroknowledge.fm/120-2/). According to statistics from L2BEAT (https://l2beat.com), among the top 10 Layer 2 projects (by TVL), four are ZK projects, including zkSync, dYdX, and Loopring. Today, we will cover over 20 ZK projects under the zkTech tag and dive into the ZK world.
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