The startup specializes in edge-optimized secure computation using cryptographic techniques to maintain data privacy during processing. This technology enables organizations to conduct sensitive computations on distributed data while preventing exposure of the underlying information.
Funding
$48.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Web3 applications often struggle to access real-world data and off-chain computation, limiting their functionality and preventing them from interacting with existing Web2 infrastructure. This isolation hinders the development of more sophisticated and practical decentralized applications.
Solution
Enya Labs offers HybridCompute™, a solution designed to bridge the gap between Web2 data and Web3 protocols. HybridCompute™ enables smart contracts to access external data sources and APIs, allowing developers to augment on-chain logic with off-chain computation. This technology facilitates the creation of hybrid blockchain solutions that leverage existing business infrastructure, expanding the capabilities of decentralized applications across various sectors, including DeFi, NFT, GameFi, and SocialFi. Enya Labs contributes to Boba Network, a multichain layer 2 optimistic rollup, enhancing blockchain scalability and interoperability.
Target Audience
The primary target audience includes Web3 developers and businesses seeking to integrate real-world data and off-chain computation into their decentralized applications, as well as those looking to scale their Web3 solutions.
Features
- HybridCompute™ technology for connecting Web2 data with Web3 protocols and smart contracts
- Access to external data sources and APIs for enriched decentralized applications
- Support for multichain layer 2 optimistic rollup via Boba Network
- Compatibility with EVM-based tools
- Reduced transaction fees compared to layer-1 solutions
- Support for account abstraction (ERC-4337)
- Compatibility with OP Stack