{"id":82605,"date":"2023-08-03T19:59:16","date_gmt":"2023-08-03T16:59:16","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=82605"},"modified":"2025-09-12T06:05:14","modified_gmt":"2025-09-12T03:05:14","slug":"binance-labs-backs-privacy-focused-zkpass-protocol","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/binance-labs-backs-privacy-focused-zkpass-protocol\/","title":{"rendered":"Binance Labs backs privacy-focused zkPass protocol"},"content":{"rendered":"<p>The zkPass privacy-preserving protocol attracted $2.5 million in seed funding.<\/p>\n<p><!--more--><\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/zkPass.webp\" alt=\"zkPass\" class=\"wp-image-212915\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/twitter.com\/zkPass\/status\/1687121052613361664\">X<\/a>.<\/figcaption><\/figure>\n<p>The round featured participation from Binance Labs, Sequoia China, OKX Ventures, dao5, Susquehanna International Group, Cypher Capital, Leland Ventures and Blockchain Founders Fund.<\/p>\n<p>zkPass is built on several technological strands:<\/p>\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-zero-knowledge-proof\">zero-knowledge proofs<\/a>;<\/li>\n<li><a href=\"https:\/\/ru.wikipedia.org\/wiki\/%D0%9F%D1%80%D0%BE%D1%82%D0%BE%D0%BA%D0%BE%D0%BB_%D0%BA%D0%BE%D0%BD%D1%84%D0%B8%D0%B4%D0%B5%D0%BD%D1%86%D0%B8%D0%B0%D0%BB%D1%8C%D0%BD%D0%BE%D0%B3%D0%BE_%D0%B2%D1%8B%D1%87%D0%B8%D1%81%D0%BB%D0%B5%D0%BD%D0%B8%D1%8F\">confidential computing protocol<\/a>;<\/li>\n<li><a href=\"https:\/\/ru.wikipedia.org\/wiki\/TLS\">TLS<\/a>.<\/li>\n<\/ul>\n<p>The new solution enables users to reveal personal data on websites without uploading documents themselves.<\/p>\n<p>zkPass can be used in decentralized-identity systems, privacy-focused data marketplaces, and DeFi services that rely on off-chain sources.<\/p>\n<p>The project is part of Binance Labs\u2019 incubation program. The funds will go toward developing a testnet, currently in the pre-alpha stage. There are 190,000 users on the waitlist for the new solution. <\/p>\n<p>Last month, the venture arm of the world&#8217;s largest crypto exchange <a href=\"https:\/\/u1f987.com\/en\/news\/binance-labs-invested-10-million-in-radiant-capital\">invested $10 million<\/a> in the Radiant Capital lending protocol.<\/p>\n<p>Earlier, Binance Labs <a href=\"https:\/\/u1f987.com\/en\/news\/binance-labs-invests-4-million-in-web3go-startup\">invested $4 million<\/a> in the Web3Go startup, focused on intelligent data analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The zkPass privacy-preserving protocol attracted $2.5 million in seed funding.<\/p>\n","protected":false},"author":1,"featured_media":82606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,1256,1133],"class_list":["post-82605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-privacy-and-personal-data","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/82605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=82605"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/82605\/revisions"}],"predecessor-version":[{"id":82607,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/82605\/revisions\/82607"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/82606"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=82605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=82605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=82605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}