Succinct to Launch PROVE Token for ZK Prover Network

Succinct plans to launch the PROVE token within its decentralized network, which facilitates zero-knowledge proofs on Ethereum. The network will connect proof requesters with proof generators across areas like blockchain validation and AI tasks. The PROVE token will facilitate payments, ensure security, and enable governance, with provers staking it as collateral. The project is in the testnet phase, with mainnet planned soon. In 2024, Succinct Labs secured $55 million funding led by Paradigm.