Oracle protocol zkPass completes $12.5 million Series A financing, with participation from Animoca Brands and others, to promote the development of z

Original source: zkPass

zkPass is an oracle protocol that can verify the private data of a web page. Today, zkPass announced the completion of a $12.5 million Series A financing round. Investors include dao5, CE Innovation Capital, Animoca Brands, L2 Iterative Ventures (L2IV), UOB Venture Management, Flow Traders, Amber Group, Leland Ventures, IOBC Capital, Signum Capital, Bing Ventures, MH Ventures, WAGMI Ventures, Taisu Ventures, Ceras Ventures, GCR and many other institutions. These investors recognize zkPass's innovative technology. At present, the total financing amount of zkPass has reached 15 million US dollars.

This round of financing will accelerate the development and application of zkTLS. As zkPass's leading oracle solution, zkTLS aims to revolutionize the secure exchange of data across ecosystems through advanced cryptographic technology.

Currently, zkPass supports more than 200 data modes from more than 70 verified web data sources. With zkTLS, users can generate zero-knowledge proofs (ZKPs) of private data in less than a second in the browser to ensure the privacy and integrity of the data. As of October 2024, zkPass has generated more than 2 million zk certifications, including financial institutions, e-commerce, social media, and online education.

Michael Lie, Global Head of Digital Assets at Flow Traders, said: "We are pleased to support zkPass, a leader in privacy-focused oracle protocols. zkPass provides data verification, privacy protection, and authenticity assurance to traditional finance (TradFi) and decentralized finance (DeFi) through zero-knowledge technology."

zkPass deploys the zkTLS framework that combines 3P-TLS and hybrid ZK technology to create a secure private data sharing solution with verifiers at the core. The protocol allows users to selectively prove multiple data types such as legal identity, financial records, and medical information, while ensuring that sensitive personal information remains confidential and verifiable both on-chain and off-chain.

zkTLS integrates advanced cryptographic techniques to ensure that users' private data can be securely shared with decentralized applications without exposing sensitive details.

With zkTLS, zkPass is expected to narrow the gap between Web2 and Web3 and integrate private data from the traditional Internet into decentralized applications on a large scale. The technology has broad application prospects in financial and non-financial fields such as artificial intelligence (AI), decentralized physical infrastructure network (DePIN), decentralized identity (DID), lending, etc., and is expected to redefine the business model of Internet data sources in the future.

"We are grateful for the trust and support of our investors in bringing zkTLS to the forefront of Web3 innovation. This funding will accelerate our technology development and enable us to focus more on driving broad market adoption. After more than two years of focused R&D, we are very excited to apply zkTLS to real-world scenarios and demonstrate its potential to the broader community."

This financing follows a $2.5 million seed round completed last year, reflecting the rapidly growing demand for secure and privacy-preserving solutions in the Web3 space. zkPass is committed to continuing to provide a robust and scalable zkTLS protocol that puts users in control of their data while opening up new possibilities for decentralized applications.

About zkPass

zkPass is an oracle protocol for verifying private data on the web. Based on zkTLS built on 3P-TLS and hybrid ZK technology, zkPass provides tools and applications for secure and verifiable data sharing, ensuring the privacy and integrity of data, and can obtain data from any HTTPS website without OAuth API. For more information, please visit the official website.

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