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HomeSingapore Singapore-Based ARPA Network Secures $6 Million in Funding

[FUNDING NEWS] Singapore-Based ARPA Network Secures $6 Million in Funding

Singapore-based ARPA Network raised $6M for decentralised safe computation. Animoca Ventures, Metrics Ventures, ArkStream Capital, and Trinito joined Nomura's Laser Digital and DeFiance Capital as lead investors.

Singapore-based ARPA Network raised $6M for decentralised safe computation. Animoca Ventures, Metrics Ventures, ArkStream Capital, and Trinito joined Nomura’s Laser Digital and DeFiance Capital as lead investors.

The funding will enable entirely on-chain gaming, Autonomous Worlds (AW), and cryptographic AI product expansion.

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ARPA Network is a decentralised secure compute network that improves blockchain fairness, security, and privacy. Verifiable Random Number Generator (RNG), secure wallet, cross-chain bridge, and decentralised custody across several blockchains are built on its threshold BLS signature network. Binance Labs, Arrington Capital, DWF, and others back ARPA.

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ARPA, founded in 2018, develops cryptography technologies for blockchain applications. In mid-2023, ARPA Threshold BLS Network enabled verifiable RNGs, safe wallets, cross-chain bridges, and decentralised custody across many blockchain.

Jez Mohideen, CEO of Laser Digital, commented, “ARPA’s initiatives in on-chain gaming and cryptographic AI are poised to transform the blockchain landscape, making these technologies more accessible and impactful across various industries. This investment underlines our dedication to enhancing the digital landscape and supporting technologies that offer significant market potential and align with our values of responsible innovation.”

About ARPA Network

A permissionless threshold BLS network called ARPA Network aims to create a blockchain ecosystem that is safe, secure, and privacy-preserving.

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