Privacy Preserving Protocol zkPass Closes $2.5 Million Seed Round with Binance Labs Involved

Privacy Preserving Protocol zkPass Closes $2.5 Million Seed Round with Binance Labs Involved
Source: zkPass

Privacy preserving protocol zkPass closed a $2.5 million seed funding round with participation from Binance Labs, Sequoia China, OKX Ventures, dao5, SIG DT Investments, Cypher Capital, Leland Ventures, and Blockchain Founders Fund. The funds raised will be used to support its pre-release The funds raised will be used to support the development of its pre-alpha testnet, which has over 190,000 signups on its waitlist.

zkPass, incubated by Binance Labs, is a protocol that combines zero-knowledge proofs, multi-party computation, and three-party transport layer security to enable users to disclose their personal data on any website without revealing or uploading the documents themselves. The technology can be used for concepts such as decentralized identity passes, privacy-based healthcare data marketplaces, and the DeFi protocols for credit applications using off-chain data.

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

Privacy

Binance

Related News
0xbow unveils ‘Privacy Pools,’ a new blockchain privacy tool drawing from Vitalik Buterin’s research 0xbow unveils ‘Privacy Pools,’ a new blockchain privacy tool drawing from Vitalik Buterin’s research
Binance suspends employee for allegedly profiting off of insider information Binance suspends employee for allegedly profiting off of insider information
Binance Records $3.97B Weekly Inflows Binance Records $3.97B Weekly Inflows
DarkFi, the privacy project started by crypto anarchist Amir Taaki, launches anonymous app in alpha DarkFi, the privacy project started by crypto anarchist Amir Taaki, launches anonymous app in alpha
Binance inflows for 2024 are almost 40% higher than the next 10 exchanges combined Binance inflows for 2024 are almost 40% higher than the next 10 exchanges combined
Latest News More More
5 Days Ago Ethereum edges closer to deploying Pectra on mainnet with successful upgrade on Hoodi testnet
5 Days Ago MEXC Extends DEX+ Platform to Binance Smart Chain Users
March 25 BlackRock launches bitcoin ETP in Europe following US success
March 21 Pump.fun launches DEX called PumpSwap to instantly migrate graduated token
March 21 Total stablecoin market cap surpasses $230 billion amid institutional interest and Trump policies
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open