In a groundbreaking initiative that aims to bridge two of the most celebrated technologies in the world of risky investments, Modulus Labs has successfully raised $6.3 million in its first round of investments with the support of Variant and 1kx companies, as announced on Wednesday. Originating from the prestigious halls of Stanford University, Modulus Labs, like numerous other startup companies, has captured the attention of the crypto space. However, unlike many individuals drawn to trading, the founders of Modulus Labs have delved into the realm of cryptography, with a particular focus on zero-knowledge cryptography.

Instead of providing quotes from the original article, it is important to highlight the core fact – Modulus Labs’ objective to leverage zero-knowledge proofs to enable cryptographic validation techniques that preserve the integrity of information without disclosing additional raw data. This technological innovation places Modulus Labs at the forefront of the market, especially at a time when the line between real artificial intelligence (AI) and generative models is becoming increasingly blurred. Recent news has shed light on the use of deepfake technologies to manipulate public opinion on the Israel-Hamas conflict in the Middle East. Modulus Labs, on the other hand, will harness the power of ZK-proofs, particularly zkML, to ensure that AI queries remain unaltered and secure.

FAQs

What is Modulus Labs?

Modulus Labs is a project that combines artificial intelligence and blockchain technology to enhance transparency and security in applications on the Web3 network.

What are zero-knowledge proofs?

Zero-knowledge proofs are cryptographic techniques that enable the validation of integrity without revealing additional raw data.

What are potential use cases of Modulus Labs?

Modulus Labs can be employed in NFT marketplaces to better serve the needs of wallet owners based on the NFTs they possess. It can also serve as verification for off-chain data or as an automated Oracle. Furthermore, Modulus Labs unlocks new possibilities that would be impossible without the support of AI on the blockchain.

What are the benefits of merging AI and blockchain technology?

Merging AI and blockchain technology allows for the implementation of more decentralized protocols and enhances token economies. Additionally, AI can be utilized to manage collateralization in decentralized lending markets.

(Source: The Block)