zkPass Completes $12.5 Million Series A Financing, with Animoca Brands and Others Participating

Odaily News Privacy-preserving data verification protocol zkPass has completed a $12.5 million Series A financing round, with a valuation of $100 million. Investors include dao5, Animoca Brands and Flow Traders. This round of financing was conducted through a simple agreement for future tokens (SAFT) structure, and zkPass plans to launch tokens in the first quarter of next year. zkPass uses zero-knowledge proof technology to allow users to verify information, such as identity or financial records, without sharing specific data. (Theblock)