ZK identity verification solution zkMe completes $4 million seed round led by Multicoin Capital

BlockBeats reported that on August 20, ZK identity authentication solution provider zkMe announced the completion of a $4 million seed round of investment, 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 to develop zero-knowledge identity layer infrastructure to build a more complete zkMe privacy identity layer network, which is expected to be officially launched in Q4 2024.

zkMe is committed to providing decentralized compliance services that meet FATF standards through cryptography, and providing the Web3 industry with a comprehensive credential verification solution to cope with the EU MiCA regulations that will soon take effect. At the same time, zkMe also gives users the right to control their identity credentials, and users can maximize privacy protection and value creation by participating in verification.