Decentralized Identity Protocol .bit Raises $13M Series A Funding Led by HashKey Capital and Others

Decentralized identity protocol .bit closed a $13 million Series A round led by HashKey Capital, CMB International, ChingSong Fund, GSR Ventures, GGV Capital and SNZ. The funds raised will be used to construct the decentralized identity system and expand the adoption of the decentralized identity. .bit, an open-sourced decentralized identity protocol built on the blockchain, is committed to providing permissionless and irrevocable decentralized identity for individual users and DAOs, establishing the awareness of identity sovereignty around the world. bit will reportedly launch NameDAO and hand over a portion of the .bit protocol revenue to the DAOs.