Sovereign Labs has raised $7.4 million in seed funding led by Haun Ventures, co-founders Preston Evans and Cem Özer told TechCrunch.
The startup is building an “open, interconnected rollup ecosystem” with a software development kit (SDK) to provide a framework for secure and interoperable zero-knowledge rollups (ZK-rollups).
“Sovereign’s goal has always been to make scaling [blockchains] simple,” Özer said. “For people who have been in this space for four-plus years, it’s pretty clear that rollups and ZK-rollups are the way to scale blockchains to the masses.”
A rollup is a blockchain that gets security from another blockchain, so it’s a way to add functionality to an existing chain without sacrificing security, Evans said. Rollups can be used to support different use cases like tokens, NFTs, smart contracts and so on — but they’r …
