ARPA Network, a decentralized secure computation network focused on improving blockchain fairness, security, and privacy, has closed a Series A funding round, securing $6.0M. The capital infusion will support its mission to provide infrastructure for verifiable Random Number Generators (RNG), secure wallets, and cross-chain bridges across multiple blockchains.
The company, previously known as ARPA Chain, leverages its experience in Multi-party Computation (MPC) and cryptography to power its innovative threshold BLS signature schemes (TSS-BLS) system. Its first application, Randcast, offers a cryptographically generated random source for metaverse applications, games, and NFT minting.
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