Cryptography Firm Zama Joins Unicorn Club as Polymarket & Kalshi Near $1 B

The post Cryptography Firm Zama Joins Unicorn Club as Polymarket & Kalshi Near $1 B appeared on BitcoinEthereumNews.com.

ZAMA:- There’s already an ongoing buzz in web3 around the race by Crypto brands securing the Unicorn status. The prediction market platforms, Polymarket and Kalshi, have recently been leading this race. While Polymarket is in the final stages of acquiring the Unicorn status, its competititor Kalshi crossed the $2 billion mark on June 25. As this race continues to built up, a new cryptography company Zama has become the latest to acquire the Unicorn status. This comes after it recently closes its Series B Funding round of $57 million – putting it at a valuation of over $1 billion. Today, we’re unveiling our most ambitious product to date: the Zama Confidential Blockchain Protocol—and announcing our $57 million Series B funding round at a valuation of over $1 billion, led by @PanteraCapital and #BlockchangeVC. Public Testnet goes live on July 1st. pic.twitter.com/zCTlhiXv35 — Zama (@zama_fhe) June 25, 2025 Founded by Rand Hindi, the Cryptography company has also unveiled Zama Confidential Blockchain Protocol to accelerate privacy on blockchains. Zama Becomes First FHE Crypto Brand To Become Web3 Unicorn Founded in 2020 by Dr. Pascal Paillier and Dr. Rand Hindi, Zama has been developing and leading the Fully Homomorphic encryption (FHE) technique for Blockchains. FHE promises both strong privacy and verifiable integrity by allowing computations on encrypted data without ever decrypting it. Calling it as the “holy grail of cryptography”, Zama has been trying to broaden the applications of its pos-quauntumTechnology – FHE. For the same, while announcing its Series B, it unveiled its Zama Confidential Blockchain Protocol. Using its Fully Homomorphic Encryption, Zama aims to enable confidential smart contacys on top of any L1 or P2. The ZAMA Protocol also leverages Multi-Party Computation (MPC) and Zero-Knowledge Proofs (ZK) to build a completely confidential solution.Interestingly, this comes as privacy on blockchains is already accelerating with…