Bitcoin Zero-Knowledge Rollup Citrea Raises $2.7M in Seed Funding

Zero-knowledge rollups – a technology usually associated with scaling the Ethereum blockchain – are now coming to Bitcoin. Chainway Labs went public earlier this month with the news that it was building what it says will be the first zero-knowledge rollup for Bitcoin: Citrea. On Wednesday, the company disclosed to CoinDesk that it had raised $2.7 million in a seed fundraising round led by Galaxy Ventures. The round saw participation from other investors. Citrea is "the first rollup that enhances the capabilities of Bitcoin blockspace with zero- knowledge technology," Chainway Labs said in a statement shared with CoinDesk.

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