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, โOur 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, โZero-knowledge proofs are redefining trust in digital systems.โ
Regulatory Implications
Thereโs potential for new compliance frameworks, while regulatory interest may increase with expanded global integration.
Self Labs, a provider of zero-knowledge identity protocols, has raised $9 million in seed funding and launched a rewards program for its privacy infrastructure.
Discover November's standout cryptocurrencies, where Zero Knowledge Proof (ZKP) delivers real infrastructure while DOGE, TON, and SHIB prove community strength drives market momentum!