What Is The Narrative of Jiritsu Network?
Jiritsu Network is a groundbreaking Layer 1 blockchain featuring a native Zero-Knowledge Multi-Party Computation (ZK-MPC) oracle tailored for real-world assets. The vision behind Jiritsu is to create a scalable and superior alternative to traditional financial systems, positioning itself as a key player in the adoption of crypto on a global scale. At the core of Jiritsu's innovation is its system of Unlimited Verified Compute (UVC), designed to enhance the security of additional crypto protocols and blockchains through zero-knowledge security assurances. This capability allows Jiritsu to potentially scale across the entire crypto ecosystem, integrating seamlessly with both new and existing entities in various sectors.
A significant aspect of Jiritsu Network is its off-chain verifiable compute feature. This enables institutions such as auditors, banks, insurers, and data providers to prove the integrity of their workflows without manipulating the data. These off-chain computations are then fed into on-chain oracles, making the results accessible to smart contracts on the blockchain. This functionality provides a robust mechanism for working with data off-chain while ensuring its accuracy and reliability on-chain, which is a critical component of Jiritsu's narrative value.
Price Analysis and Valuation of Jiritsu Network
As of July 26, 2024, Jiritsu Network has secured $10.2 million in funding. This funding round was led by gumi Cryptos Capital, with significant participation from Susquehanna Private Equity Investments, LLLP, Republic Capital, and other investors. The project, still in its nascent stages, is expected to attract additional financing as it progresses. This financial backing underscores the strong belief that investors have in Jiritsu's potential and its innovative approach to blockchain technology.
The valuation of Jiritsu Network, given its current funding and narrative value, is estimated to be between $200 million and $300 million. This estimation is based on the project's ability to provide scalable and secure solutions for real-world assets, leveraging its UVC system and ZK-MPC oracle. As Jiritsu Network matures and possibly issues its tokens, the Fully Diluted Valuation (FDV) could appreciate significantly. In a bullish market scenario, Jiritsu's FDV could reach between $2 billion and $3 billion. This potential for appreciation provides a useful reference for investors when evaluating the coin price of Jiritsu Network in the future.
Disclaimer: Price analysis and valuation are affected by many factors. Theoretical analysis does not mean that the token will definitely reach the envisioned price level. Therefore, the content of this article does not constitute any investment advice. Investors need to do their own research.
