ARPA Network, a Singapore-based decentralized secure computation network, secured a multi-million dollar strategic investment from DWF Labs.
This partnership will provide ARPA Network with additional resources and support needed to continue its growth and development, expand its marketing efforts, raise its brand profile, and engage even more diverse audiences across multiple industries. It 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.
Together, DWF Labs and ARPA Network will establish a collaboration to transform the blockchain landscape and create 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.
Led by Felix Xu, co-founder, ARPA Network 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.
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.
FinSMEs
26/04/2023