Axiom, a startup focused on smart contract infrastructure, has raised $20 million in its Series A funding round led by Paradigm and Standard Crypto, with participation from other venture capital firms such as Robot Ventures and Ethereal Ventures. The funds will be used to expand Axiom's business offerings and fuel platform growth, including the recruitment of skilled developers and the acceleration of the development of the Zero-Knowledge (ZK) network. Axiom's ZK cryptography approach allows on-chain applications to process a broader range of data at a lower cost, and its V2 mainnet enables developers to compute over the entire history of Ethereum. The company's vision aligns with the growing demand for storing, accessing, and operating over authenticated data, and its novel approach to authenticated data access positions it as a key player in shaping the future landscape of smart contract development.

Ethereum historical data protocol Axiom completed a $20 million Series A financing round, led by Paradigm and Standard Crypto. The funds will be used to develop the team and their platform. It is reported that Axiom is a new protocol that uses zero-knowledge proofs (ZK proofs) (an encryption proof that can confirm that a transaction has occurred without revealing transaction details) to access historical data on Ethereum.