zkMe Completes $4 Million Seed Round to Accelerate Development of Zero-Knowledge Authentication Technology
Publication Time:2024-08-20 22:36:06
Zero-knowledge proof identity authentication solution provider zkMe has announced the completion of a $4 million seed round investment led by Multicoin Capital, with participation from OKX Ventures and Robot Ventures. This funding will support the optimization of the zkMe zero-knowledge identity protocol, which has been in operation for 13 months, as well as the development of a zero-knowledge identity layer infrastructure, aiming to build a more complete zkMe privacy identity layer network planned for official release in Q4 2024. zkMe focuses on utilizing cryptographic technology to provide decentralized compliance services that meet FATF standards, offering comprehensive credential verification solutions for the Web3 industry to address upcoming challenges posed by EU's MiCA regulations. Furthermore, zkMe emphasizes user autonomy over identity credentials, enabling maximum privacy protection and value creation through participation in the verification process.
Web3
Compliance services
Privacy Protection
authentication
Zero-Knowledge Proofs