NovaNet is set to release its open-source zero-knowledge virtual machine (zkVM) on August 5, 2024, aimed at enhancing privacy and decentralization in decentralized applications (dapps). The zkVM will allow users to customize the zero-knowledge proof step size for local verification, ensuring complete privacy. The company will showcase its developments at several upcoming events, including DePIN Day on August 6, the Science of Blockchain Conference on August 8, and the DePIN Summit on August 9. Additionally, RISC Zero announced a partnership with Nebra to integrate their zkVM, significantly reducing proof verification costs on Ethereum by over ten times. This collaboration is part of a broader trend in the sector, with companies like Renegade completing audits to ensure the security of their zk-based systems. The growing emphasis on zero-knowledge proofs reflects a shift towards more secure and trustless computing environments in blockchain technology.