Good analysis. Although the original intention of creating value and creating plates in encryption projects may not necessarily lead to success or failure (too difficult to predict) But @ SuccinchLabs still has his good pmf path The first point is that he has PFM, which helps Cosmos' IBC to do ZK proofs and verifications for light clients on various chains. This should be their team's first development case similar to outsourcing, which means they didn't just create a zkvm out of thin air