Background

Self Labs Secures $9M Seed Funding for Privacy Protocol

Article arrow_drop_down
Self Labs Secures Funding and Launches Rewards Program
Key Points:
  • Seed funding for Self Labs, initiates rewards program.
  • Zero-knowledge proofs enhance identity verification.
  • Boosted compliance for DeFi and enterprises.

Self Labs secures $9 million in seed funding to advance its zero-knowledge identity protocol, attracting investments from Greenfield Capital and leading Web3 figures. This funding supports privacy-focused identity verification solutions for DeFi and enterprise compliance.

Self Labs, a provider of zero-knowledge identity protocols, has raised $9 million in seed funding from institutional and Web3 leaders and launched a points-based rewards program for its privacy-preserving verification infrastructure.

Self Labsโ€™ funding supports expanding privacy verification infrastructure, aiming at broadening support, especially across Africa.

Leadership and Vision

CEO Eric Nakagawa leads Self Labs, aiming to advance secure, privacy-oriented identity protocols. Backers include Greenfield Capital and notable Web3 figures. Eric Nakagawa stated, โ€œOur mission centers on secure, privacy-preserving humanity and identity verification, which is increasingly vital as Web3 platforms seek sybil resistance and OFAC compliance.โ€

Partnerships and Expectations

Partners such as Google Cloud and Aave expect boosted user engagement and sybil resistance. The initiative complements previous investments in identity protocols, impacting governance tokens. As an Investor spokesperson from Greenfield Capital noted, โ€œZero-knowledge proofs are redefining trust in digital systems.โ€

Regulatory Implications

Thereโ€™s potential for new compliance frameworks, while regulatory interest may increase with expanded global integration.

About the author

Related

About Coinlineup

CoinLineup is a specialized platform dedicated to empowering investors with the knowledge and tools needed to succeed in both the financial stock market and the crypto market. Our primary focus is to provide comprehensive market insights by delivering real-time and historical data, solid investment strategies, and trading tips. We aim to equip investors with accurate information, allowing them to make well-informed decisions in their financial endeavors.

Copyright 2024 coinlineup.com. Crypto, Stocks, and Forex โ€“ All in One Place.

Login to enjoy full advantages

Please login or subscribe to continue.

โœ–

Go Premium!

Enjoy the full advantage of the premium access.

Login

โœ–

Stop following

Unfollow Cancel

โœ–

Cancel subscription

Are you sure you want to cancel your subscription? You will lose your Premium access and stored playlists.

Go back Confirm cancellation

โœ–
โ†’ Index