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Arpa - Strategic
Overview
Funding Date
May 30, 2024
Financing amount
$6M
Valuation
--
Catagory
Subcategory
About Arpa - Strategic
ARPA Network, a pioneer in decentralized secure computation, proudly announces a $6M strategic investment to support product expansion in fully on-chain gaming, Autonomous Worlds (AW), and cryptographic AI. Lead investors include Nomura's Laser Digital and DeFiance Capital, with additional funding from Animoca Ventures, Metrics Ventures, ArkStream Capital, and Trinito. ARPA Network is previously backed by Binance Labs, Arrington Capital, and DWF Labs.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | Unknown | -- | 29 | -- | ||
| Fund | Singapore | 2020 | 78 | info@defiancecap.com | ||
| Corporate | Hong Kong | 2014 | 316 | -- | ||
| Fund | Unknown | -- | 3 | -- | ||
| Fund | China | 2018 | 40 | -- | ||
| Corporate | Unknown | -- | 4 | -- |
Founders & Team
Felix Xu
Yemu Xu
Company Profile / Project Introduction
ARPA Network (ARPA) 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. Our 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.