PANews reported on October 17 that the privacy-preserving data verification protocol zkPass completed a $12.5 million Series A financing, with a valuation of $100 million. Investors included 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.