On September 17, COINOTAG reported that Fermah, a developer specializing in the general proof generation layer, successfully secured $5.2 million in a seed funding round. This round was prominently led by a16z’s CSX and Lemniscap, with additional participation from Bankless Ventures, Longhash Ventures, the P-OPS team, Public Works, ZK Validator, Lambda Class, Daedalus, Zero DAO, Velocity Capital, Daemon Ventures, and notable angel investors including Balaji Srinivasan and Sandeep Nailwal. The financial backing underscores the growing interest and confidence in Fermah’s technological advancements within the crypto space. Cryptocurrency investment trends indicate a substantial focus on innovative solutions that enhance blockchain functionalities, and Fermah’s recent funding achievement is a testament to this evolving landscape.
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