ZK identity verification solution zkMe completes a $4 million seed round investment, led by Multicoin Capital.

In the latest news from TechFlow, on August 20th, according to official sources, zero-knowledge proof identity verification solution provider zkMe announced the completion of a $4 million seed funding round, 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, expected to be officially launched in the fourth quarter of 2024. zkMe focuses on providing decentralized compliance services that comply with FATF standards through cryptography, offering a comprehensive credential verification solution for the Web3 industry to address the upcoming EU MiCA regulations. At the same time, zkMe empowers users with the right to control their identity credentials autonomously, maximizing privacy protection and value creation through participation in verification.