Modulus raises nearly $7 million to bring ZK Verified AI to blockchain

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Modulus raises nearly $7 million to bring ZK Verified AI to blockchain
Modulus raises nearly $7 million to bring ZK Verified AI to blockchain

Modulus, a startup that uses zero-knowledge (ZK) technology to verify artificial intelligence (AI) results for use on public blockchains, has raised $6.3 million in a seed round.

Early-stage venture capital firm Variant and 1kx co-led this round of financing

“At its core is zero-knowledge machine learning (zkML): ML models with provably accurate computations, whether the computations are processed in an open environment or in a private centralized server.”

“The result? Artificial intelligence agents and machine learning models can now begin to act as natural extensions of smart contract logic.”

Modulus claims that it has proposed a specialized ZK proof method for artificial intelligence, called Residual, that can significantly reduce costs.

The startup stated:

“Proving that a dedicated ZK built for AI can bring extremely powerful AI capabilities to dApps at low cost.”

In this way, dapps that use AI do not have to worry about the results being manipulated, because “zero-knowledge cryptography allows us to verify whether the AI ​​model performs ‘correctly’ without revealing the secret behind the model,” Modulus said.

Example? Variant partners Jesse Walden and Alana Levin said:

“Modulus’ first tests – an online trading bot and a ZK-powered chess engine – are two early examples of this new model.”

They added:

“Another use case might involve something like a lending protocol that leverages artificial intelligence to manage loan collateralization (usually coordinated by humans) while also leveraging zk proofs to ensure that the model operates as specified.”

multi-chain monsterModulus, which calls itself “the largest multi-chain NFT collection and gaming ecosystem in Web3,” said:

“We introduce zkMon, the world’s first on-chain AI artist, announcing its groundbreaking ZKP NFT series.”

As far as we know, Modulus does not have a token, but in a way it is similar to Chainlink in providing a source of data for dapps.

This is not talking about cryptocurrency prices, but artificial intelligence inputs, albeit verified ones. However, the weak spot in these links is usually some type of attacking midfielder.

You can validate the input any way you want, but if someone intercepts it and provides different input to the contract, the results can be hacked.

Many hacks in dapps occur exactly this way, but this enhances the overall “connected” technology throughout the process, making the addition of artificial intelligence potentially interesting for category management investments.

General Bitcoin News.

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