strong buy
Succinct Launches Registration for ZKPs Infrastructure Drop Amid Active Development
The registration process for Succinct's drop has been initiated, and it is currently under test. The platform is developing zero-knowledge proof infrastructure, specifically providing the SP1 virtual machine for operations within rollups, bridges, and oracles. The registration is open on the official website, with a deadline set for August 3rd at 22:00 Kyiv/Moscow time. Five percent of the supply is allocated for this drop.
Participation criteria include active testnet users plus Discord/X snapshot as of July 1st, coder activity based on GitHub commits, and projects utilizing the OP Stack that employ Succinct Prover Network. Significant investors include Paradigm and Sandeep, with 55 million dollars invested.
Details and documentation are available online. This initiative indicates ongoing development and engagement within the zkVM and layer-2 scaling environment, emphasizing a targeted community of developers and early enthusiasts.
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AI Analysis
The recent announcement regarding Succinct's registration for its drop signifies a proactive step in advancing zero-knowledge proof infrastructure. By opening up the registration to active testnet par...
AI Recommendation
Investors and developers should consider participating in the registration if they are active within the testnet and projects on OP Stack, as early involvement can provide strategic advantages and ins...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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partial sell