What is fabric cryptography?

The company raised $6 million in funding to produce a product that doesn’t exist yet Fabric Cryptography is just one of a rush of startups raising funds to experiment with zero-knowledge proofs. Computer chips are not one-size-fits-all. There are custom designs for satellites, Bitcoin miners, and even A.I algorithms.

Is fabric (Fab) outperforming the global cryptocurrency market?

With a price increase of 8.20% in the last 7 days, Fabric (FAB) is outperforming the global cryptocurrency market which is up 6.10%, while underperforming when compared to similar Decentralized Finance (DeFi) cryptocurrencies which are up 13.00%.

Who funded fabric cryptography?

Metaplanet led the pre-seed funding round. Other participants included the Nil Foundation, Inflection, Novawulf, and Jasper Lau of Era. Fabric Cryptography is an offshoot of Fabric Systems, which announced a $13 million fundraise in November.

What is fabric (Fab)?

Fabric (FAB) is a decentralized synthetic assets issuance protocol built on the Solana blockchain. The platform aims to offer swift architecture, low-fee trading, frictionless and accessible experience for every user, and unlimited liquidity.