Data verification protocol zkPass completes $12.5 million Series A financing with a token valuation of $100 million, with participation from dao5 and others

According to ChainCatcher, the zero-knowledge proof data verification protocol zkPass has completed a $12.5 million Series A financing with a token valuation of $100 million. Dao5, Animoca Brands, Flow Traders, Amber Group, IOBC Capital, Signum Capital, MH Ventures and WAGMI Ventures participated in the investment. The Series A financing brings the total financing amount of zkPass to $15 million.

The zkPass token is expected to be launched in the first quarter of next year.

zkPass is a data verification protocol based on zero-knowledge proofs that allows users to prove information without sharing actual data (such as identity or financial records). Users can generate "proofs" from websites that store personal information, such as banks or social media accounts.