The ZK authentication solution zkMe has completed a $4 million seed round investment, led by Multicoin Capital.

according to official sources, the zero-knowledge proof authentication solution provider zkMe has announced the completion of a $4 million seed round 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 live for 13 months, and to develop the zero-knowledge identity layer infrastructure to build a more complete zkMe privacy identity layer network, expected to officially launch in Q4 2024.

It is reported that zkMe is committed to providing decentralized compliance services that meet FATF standards through cryptography, offering comprehensive credential verification solutions for the Web3 industry to address the upcoming EU MiCA regulations. At the same time, zkMe also empowers users to have autonomous control over identity credentials and other rights, allowing users to maximize privacy protection and value creation through participation in verification.