zkVerify and the ZK proof verification market: $47M spent in 2023
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Argues proof verification will be a large market as ZK adoption grows, with Horizen's zkVerify an early mover. Cites Horizen estimates on current verification spend and expected proof volume.
Key claims
$47M spent on proof verification for Ethereum ZK rollups in 2023
ZK proof generation a $10B market by 2030
Almost 90 billion proofs to be generated and verified
According to estimates by @HorizenLabs, $47 million was spent on proof verification in 2023 for ZK rollups on Ethereum alone.
Industry studies anticipate ZK proof generation to become a $10 billion market by the year 2030, with almost 90 billion ZK proofs required to be generated and verified.
Study @gevulot_network on the proving side of things.
However, this industry-wide move towards ZK-powered solutions will also require scalable proof verification infrastructure.
With zkVerify, @ZKVProtocol provides exactly that.
zkVerify removes the cost and complexity of computationally intensive proof verification for devs building ZK rollups, ZK-powered interoperability solutions or basically any kind of zkApp.
Proof verification will be a huge market and Horizen is definitely among the early movers here with @ZKVProtocol.
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QUOTING @ZKVProtocol
zk tech at its best 鈿笍 Today, we announce #zkVerify - the most efficient modular blockchain optimized for zk proof verification built by @HorizenLabs t.co/U0CUgylSht 馃У馃憞 t.co/uHuSJhlmgW
zk tech at its best 鈿笍 Today, we announce #zkVerify - the most efficient modular blockchain optimized for zk proof verification built by @HorizenLabs t.co/U0CUgylSht 馃У馃憞 t.co/uHuSJhlmgW