Axiom

Axiom

Axiom functions as a ZK coprocessor designed for Ethereum, offering smart contracts seamless access to on-chain data and the capability for arbitrary expressive computation over that data in a trustless manner. Learn more

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Enterprise valuation
CAD109—164m (Dealroom.co estimates Jan 2024.)
New York City New York (HQ)

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USD2023
Revenues<1m
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Axiom (axiom.xyz) is a pioneering startup in the blockchain technology space, specifically focusing on enhancing the capabilities of Ethereum smart contracts. The company leverages Zero-Knowledge (ZK) proofs, a cryptographic method that allows one party to prove to another that a statement is true without revealing any information beyond the validity of the statement itself. This enables Axiom to provide trustless computations over the entire history of Ethereum, including transactions and receipts.

Axiom's primary clients are blockchain developers who build decentralized applications (dApps) on the Ethereum network. These developers require efficient and secure ways to access and compute historical on-chain data. Axiom serves this need by allowing developers to send queries into its system, which are then processed and verified using ZK proofs. The results are sent back to the developer's smart contract, ensuring data integrity and security equivalent to Ethereum's own cryptographic guarantees.

Operating in the blockchain and decentralized finance (DeFi) market, Axiom addresses a critical need for scalable and secure data access. The company's business model revolves around providing a platform-as-a-service (PaaS) where developers pay for the computational resources and data queries they utilize. This model ensures a steady revenue stream as more developers and projects integrate with Axiom to enhance their dApps.

Axiom makes money by charging fees for each query processed through its system. These fees are likely based on the complexity and volume of the data requested, as well as the computational resources required to fulfill the query. By offering a cost-effective and secure solution for accessing historical Ethereum data, Axiom positions itself as a valuable tool for developers looking to build robust and efficient blockchain applications.

Keywords: Blockchain, Ethereum, Smart Contracts, ZK Proofs, Data Access, Decentralized Applications, Cryptographic Security, Platform-as-a-Service, DeFi, Historical Data.