ZKP Crypto Project Launches Privacy-First Blockchain with $137M Backing and Upcoming Presale

4 hour ago

Zero Knowledge Proof (ZKP) technology is gaining attention as a solution to the privacy gaps in digital systems, including blockchains. This method allows verification of information without exposing underlying data, addressing concerns about excessive data collection and permanent exposure in early blockchain designs.

The ZKP crypto project has developed a complete blockchain ecosystem built around this technology. It runs on Substrate and supports both EVM and WASM environments, utilizing a hybrid consensus model that includes Proof of Intelligence (rewarding nodes for AI compute tasks) and Proof of Space (rewarding storage capacity).

Substantial investment has been allocated to the project: approximately $20 million for infrastructure, $100 million for network development, and $17 million for producing Proof Pods—hardware devices that generate proofs for the network.

The project is now preparing for broader adoption with an active whitelist and an upcoming auction-based presale. After the whitelist closes, a fixed daily supply of ZKP coins will be released, with prices determined by market participation. This approach aims to bring transparency and fairness to the initial coin offering.

By integrating ZKP at its core, the project aims to correct the privacy shortcomings of traditional blockchains, enabling private verification and computation without sacrificing scalability or security.