CDS Startups Binance Labs and Sequoia China join forces to invest 2.5 million Dollars in the zkPass funding round, alongside other contributors
Startups

Binance Labs and Sequoia China join forces to invest 2.5 million Dollars in the zkPass funding round, alongside other contributors

Binance Labs, Sequoia China and others invest $2.5 million in zkPass.

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Binance Labs and Sequoia China join forces to invest $2.5 million in the zkPass funding round, alongside other contributors

zkPass, a trailblazing privacy-preserving protocol, has emerged as a prominent player in the burgeoning blockchain space by successfully raising a remarkable $2.5 million in an eagerly anticipated seed funding round. This milestone achievement comes as a testament to zkPass’s innovative approach to data privacy and its potential to revolutionize various industries.

Binance Labs and Sequoia China join forces to invest 2.5 million Dollars in the zkPass funding round, alongside other contributors

Among the esteemed roster of investors participating in this funding round are some of the most influential names in the cryptocurrency and blockchain world, including Binance Labs, the renowned blockchain technology incubator, and Sequoia China, a prominent venture capital firm with a strong focus on supporting disruptive startups. Other notable contributors include OKX Ventures, dao5, SIG DT Investments—a subsidiary of the prestigious Susquehanna International Group—Cypher Capital, Leland Ventures, and the forward-looking Blockchain Founders Fund.

The core essence of zkPass lies in its ability to safeguard users’ privacy while empowering them to share sensitive personal data securely and efficiently on any platform or website. This extraordinary feat is achieved through an ingenious amalgamation of three cutting-edge technologies: zero-knowledge proofs, multi-party computation, and three-party transport layer security. Seamlessly combining these powerful elements, grants individuals the remarkable capability to disclose essential information without the need to divulge or upload their actual documents directly.

Binance Labs and Sequoia China join forces to invest $2.5 million in the zkPass funding round, alongside other contributors
Sources:theblock

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