Participants in the funding round include Presto Labs, Smape Capital, Anti Capital, Maxx Capital, Bolts Capital, AZA Ventures, and Connectico. Additionally, the Ethereum Foundation, Mina Protocol, Web3 Foundation, and BNB Chain provided grants. This diverse group of investors indicates industry confidence in Orochi Network’s data integrity solutions across various sectors.
“We are pleased to support Orochi as they scale decentralized applications and contribute to advancements in trustless computing,” said Bolts Capital.
The investment will support Orochi Network’s development of its Verifiable Data Infrastructure, aimed at improving data privacy and integrity within the Web3 ecosystem.
“Securing this funding validates our vision for data integrity,” said Kieu Diem Tran, CEO of Orochi Network. “The investment will allow us to expand infrastructure, enter new markets, and build strategic partnerships.”
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Orochi Network’s leaders. Photo courtesy of Orochi Network |
Orochi Network emphasizes interoperability across IoT, decentralized finance (DeFi), gaming, and artificial intelligence sectors. Its research and development activities include contributions to innovative projects such as zkDatabase, and Zero-Knowledge Data Availability Layer (zkDA Layer)…
The company has formed more than 80 partnerships with blockchain platforms, decentralized applications, and enterprises, including Nexus Labs, Mina Protocol, Lumia, Aligned Layer, 0G Foundation, and Base. Orochi also demonstrated strong community engagement, attracting over 2.25 million users to its Airdrop Arcade on Bybit Web3.
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Orochi Network’s team includes leading experts with over 15 years of experience in blockchain. Photo courtesy of Orochi Network |
Key products under development by Orochi include zkDatabase, described as the world’s first provable database, and the Zero-Knowledge Data Availability Layer (zkDA Layer). Utilizing Zero-Knowledge Proof (ZKP) technology, these products verify data accuracy without compromising data privacy, presenting opportunities in finance, healthcare, IoT, and gaming.
Orochi Network currently provides solutions for over 40 blockchain platforms worldwide, working with enterprise customers and global partners.
The funding arrives as Vietnam experiences rapid blockchain growth. TechSci Research forecasts Vietnam’s blockchain market will grow from $350 million in 2023 to $925 million by 2029. Chainalysis ranks Vietnam among the top global markets for blockchain adoption.
According to data from Triple A, approximately 20% of Vietnam’s population owns digital assets, ranking third globally in cryptocurrency ownership. Chainalysis also reported that crypto assets flowing into Vietnam reached $120 billion over a recent 12-month period, significantly surpassing foreign direct investment inflows.
Vietnam’s blockchain ecosystem continues to expand, supported by a dynamic startup environment and increasing venture capital investments.
