Rarimo has launched RariMe, a digital identity wallet that uses zero-knowledge (ZK) proofs to preserve user anonymity.

RariMe scans users' passports to verify identity and generates ZK proofs to prove age, citizenship, or humanity without sharing the actual information.

#rarimo #rarime #zkProofs #BinanceTournament #Megadrop

⚡ Ingonyama has announced the closure of its $20M seed investment round

Ingonyama, a next-generation semiconductor company, focusing on Zero Knowledge Proof hardware acceleration, raises $20M in the seed funding round. Round participants included Samsung Next, Geometry, StarkWare, Walden Catalyst, Blue Yard Capital, and Sentinel Labs.

The company’s first chip aims to revolutionize processing of zero-knowledge proofs and encryption by providing a hardware solution that enhances efficiency and security.

⚡ Sindri has announced the closure of its $5M seed round led by CoinFund

Sindri, a zero-knowledge infrastructure platform, secured $5M in a seed funding led by CoinFund, which follows a $2M pre-seed round in June 2022. Sindri enables developers to verify data with zero-knowledge proofs, and use them for research use cases and in blockchain applications.

#CoinFund #zkProofs #ZK #ZK-proof #fundraising

Mina Protocol: An In-Depth Look at Recent Developments and What's Next!
Mina Protocol, also known as the world's lightest blockchain, has made considerable progress in the cryptocurrency field. Let's take a look at some of the most recent upgrades and discover what's new in the Mina ecosystem:
Mina's Incentivized Testnet, 'Testworld Mission 2.0,' is getting ready for the upcoming hard fork. The zkApp End-to-End (E2E) Testing track has been finished with the help of various zkApp developers. External security auditing has detected and addressed network vulnerabilities, and a full report will be made available shortly. Protocol and Performance Testing is about to go live, with the goal of preparing node operators for the Testworld Mission.
zkIgnite: The first cohort of zkIgnite has finished, with Evan Shapiro, CEO of the Mina Foundation, giving thoughts. The second cohort will begin soon, with assistance from Mina zkApp professionals and inputs from VCs.
Mina Improvement Proposals (MIPs): The voting for MIP3 and MIP4 has finished with overwhelming community approval. These ideas aim to improve the Mina ecosystem, with the findings available on the Granola Systems website.
In the News: The Mina Protocol's ZK360 event at Consensus 2023 drew notice, underlining the significance of Zk-proofs in Web3. Kurt Hemecker, COO of the Mina Foundation, also gave ideas on how DeFi can respect crypto's essential objectives.
Collaborations and Projects: Stove Labs is working on a token standard and an off-chain storage solution for Mina. The ZKFS (Zero-Knowledge File System) initiative seeks to improve blockchain efficiency by allowing huge data structures to be stored without congesting the network.
As $Mina progresses, it becomes clear that the protocol's goal is not only to create a lightweight blockchain but also to promote a flourishing ecosystem. Mina bridges the gap between the real world and cryptocurrency with its unique privacy features and ability to connect to any website.

#CryptoUpdates #Web3 #zkProofs #Blockchain #MinaProtocol

Polygon MATIC has introduced a type 1 prover, enabling EVM-compatible chains to adopt zero-knowledge proofs, expected to be released later this year, enhancing compatibility with other EVM chains.

#polygon #matic #EVM #zkProofs

Manta RWA: Unveiling Real Returns in DeFi with ZK Magic

@MantaNetwork $MANTA is revolutionizing DeFi with its groundbreaking CeDeFi product, offering users a unique opportunity to earn real token-denominated returns.
But what exactly is CeDeFi, and how does Manta achieve this feat?

🔹 Unlocking Institutional Strategies for Everyone

Traditionally, high-yield investment strategies were reserved for VIP clients of exchanges. Manta Network breaks down these barriers by bringing these strategies on-chain through its CeDeFi platform. Users can deposit assets like wBTC/WBTC and wETH/STONE, gaining access to sophisticated rate arbitrage and other tactics previously out of reach.

🔹 The Power of Token-Denominated Returns in a Bull Market

Why are token-denominated returns so important?
In a bull market, as token prices rise, your returns are multiplied. This offers a significant advantage over fixed-rate USD returns. With Manta CeDeFi, your investment grows not just in value but also in token quantity, maximizing your gains.

🔹 Beyond CeDeFi: The Power of Manta's ZK Tech Stack

Manta Network's magic lies in its innovative modular architecture and ZK (zero-knowledge) proof technology. This allows for:

▫️Scalability: Manta Pacific, built on Ethereum, leverages ZK-SNARKs to achieve secure and scalable transactions, even with rising network usage.
▫️Privacy: Transactions are shielded, protecting your financial data while ensuring regulatory compliance.
▫️Flexibility: Manta's modular design enables future integrations and applications, pushing the boundaries of DeFi.

Manta's Vision: Building a Robust DeFi Ecosystem

Manta Network's commitment to excellence extends beyond technology.

$MANTA #MantaRWA #zkProofs #StartInvestingInCrypto #altcoins