Decentralized Computing Platform ARPA Network Secures Investment from DWF Labs to Accelerate Growth

ARPA Network has secured a strategic investment from DWF Labs.

Together, DWF Labs and ARPA Network will aim to “establish a vibrant, dynamic collaboration, poised to transform the blockchain landscape and usher in new standards of privacy, security, and fairness.”

This might “include actions aimed to further enhance ARPA’s R&D capability of cryptography and blockchain, establishing connection with DWF’s portfolio projects, as well as facilitating wider utility of threshold signature scheme across multiple verticals in the blockchain industry.”

ARPA Network’s threshold BLS signature network “provides a reliable infrastructure for verifiable Random Number Generators (RNG), secure wallet, cross-chain bridge, and decentralized custody across multiple blockchains.”

With the investment from DWF Labs, ARPA Network is “set to expedite the development of innovative applications built upon its infrastructure, including solutions for gaming, lottery, NFT minting, whitelisting, key generation, and blockchain validator task distribution.”

Felix Xu, co-founder of ARPA Network, said:

“We are thrilled to have DWF Labs as a partner in our journey to democratize secure computation. While the investment will help to accelerate our R&D, DWF’s extensive experience and resources in the digital asset market will undoubtedly boost our growth and enable us to develop more groundbreaking solutions for the blockchain ecosystem.”

This partnership will “provide ARPA Network with additional resources and support needed to continue our rapid growth and development, expand marketing efforts, raise ARPA’s brand profile, and engage even more diverse audiences across multiple industries.”

As a result, ARPA claims it is now “well-positioned to take itself to the next level and capitalize on the numerous opportunities that lie ahead.”

As noted in the update, ARPA Network (ARPA) claims it is “a decentralized secure computation network built to improve the fairness, security, and privacy of blockchains.”

ARPA threshold BLS signature network “serves as the infrastructure of verifiable Random Number Generator (RNG), secure wallet, cross-chain bridge, and decentralized custody across multiple blockchains.”

ARPA was previously “known as ARPA Chain, a privacy-preserving Multi-party Computation (MPC) network founded in 2018.”

ARPA Mainnet has “completed over 224,000 computation tasks in the past years.”

Their experience in MPC and other cryptography “laid the foundation for our innovative threshold BLS signature schemes (TSS-BLS) system design and led us to today’s ARPA Network.”

Randcast, a verifiable Random Number Generator (RNG), is the first application that leverages ARPA as infrastructure.

Randcast offers “a cryptographically generated random source with superior security and low cost compared to other solutions.”

Metaverse, game, lottery, NFT minting and whitelisting, key generation, and blockchain validator task distribution “can benefit from Randcast’s tamper-proof randomness.”

Sponsored Links by DQ Promote



Send this to a friend