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Galxe and Succinct cooperate to jointly launch the world's first fair and transparent lottery mechanism zkRaffle using Zero-Knowledge Proof technology
BlockBeats News, on January 15th, Galxe launched the world's first zkRaffle, which achieves on-chain fair and transparent lottery through Smart Contracts and zero-knowledge technology. zkRaffle is supported by Drand oracle for on-chain real-time and historical data, and uses SP1 zkVM to generate proofs for lottery execution, ensuring fairness and transparency. The winner's identity is verified through Merkle trees, while also supporting multi-chain reward distribution. At the same time, Galxe also launched the zkRaffle Quest with a prize pool of 300,000 G Tokens, providing users with hands-on experience of zero-knowledge technology.