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StarkWare is a blockchain scaling system creator that reached an $8 billion valuation in 2022.
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The company focuses on tackling the scalability issues of Ethereum.
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StarkWare has two platforms: StarkEx scaling engine and StarkNet.
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The company has announced plans to open source its core cryptographic software tool, STARK Prover technology.
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The plan to open source will take time to implement but StarkWare is committed to making the entire tech stack transparent for developers.
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Eli Ben-Sasson, StarkWare co-founder and President, says that open-sourcing key tech is a catalyst for developers to build.
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The company believes that open-sourcing the technology will help popularize self-custody.
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The crypto infrastructure projects have an increased profile after the collapse of centralized crypto exchange FTX.
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Investments in crypto companies fell 91% YoY in January 2023, but infrastructure remained relatively strong.
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Infrastructure was the highest-earning vertical in January 2023.