According to TechFlow, on August 20, according to official news, zkMe, a zero-knowledge proof identity authentication solution provider, announced the completion of a $4 million seed round of financing, led by Multicoin Capital, with participation from OKX Ventures and Robot Ventures. The funds will be used to optimize the zkMe zero-knowledge identity protocol, which has been online for 13 months, and develop zero-knowledge identity layer infrastructure to build a more complete zkMe privacy identity layer network, which is expected to be officially launched in the fourth quarter of 2024.

zkMe focuses on providing decentralized compliance services that meet FATF standards through cryptography, and provides comprehensive credential verification solutions for the Web3 industry to cope with the EU MiCA regulations that will soon take effect. At the same time, zkMe gives users the right to independently control their identity credentials, and through participation in verification, they can achieve maximum privacy protection and value creation.