CandleFocus Ethereum Foundation Bets Big on zkVMs Amid Market Concerns
2024-11-29
Author: Content Editor
The Ethereum Foundation is planning to invest millions of dollars into zkVMs, according to researcher Justin Drake. Specific projects such as zkevm.org, Poseidon cryptanalysis, and ethproofs.org will benefit from this investment, improving support for various components of zkVMs. Meanwhile, Ethereum co-founder Jeffrey Wilcke's recent movement of 20,000 ETH to Kraken has raised concerns in the cryptocurrency market. Despite a 0.7% drop in the last 24 hours, experts predict that the Ethereum market could still reach $4,000 in this cycle. The investments in zkVMs indicate strong growth in the Ethereum ecosystem, but caution is advised due to Wilcke's trading activities.
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