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PANews reported on May 30th that according to official sources, the decentralized computing protocol Arpa Network announced the completion of a $6 million strategic financing. Lead investors include Laser Digital under Nomura Securities and DeFiance Capital, with participation from Animoca Ventures, Metrics Ventures, ArkStream Capital, and Trinito. The new funds will be used to support the expansion of fully on-chain games, the Autonomous World (AW), and encrypted AI products.
Reportedly, Arpa Network (ARPA) is a decentralized secure computation network aimed at improving the fairness, security, and privacy of blockchain. ARPA's threshold BLS signature network is an infrastructure for verifiable random number generation (RNG), secure wallets, cross-chain bridges, and decentralized custody across multiple blockchains. Formerly known as ARPA Chain, ARPA originated as a privacy-preserving multi-party computation (MPC) network established in 2018.