Investing in zCloak Network

SAFEGUARDING PRIVACY AND IDENTITY WITH ZERO-KNOWLEDGE PROOFS

zCloak Network is a decentralized platform leveraging zero-knowledge proofs (ZKPs) and decentralized identity (DID) to provide privacy-preserving data computation and verification services. It empowers users to control their data while offering secure identity verification solutions for Web3 applications.

WHY WE INVESTED IN ZCLOAK?

zCloak is a pioneer in privacy-focused computation. With the rise of Web3, privacy is becoming paramount, and zCloak’s ZKP-powered solutions meet the demand for secure, decentralized data control and identity verification.

What zCloak brings to the table?

Zero-knowledge proofs are cryptographic methods to prove information without reviewing what is proved. zCloak’s zkID and Cloaking Layer provide innovative privacy solutions, allowing users to perform verifiable computations on their own devices without exposing private data to third parties. This ensures that data remains secure while enabling seamless interactions with decentralized applications. The zkID Wallet offers self-sovereign identity management, allowing users to issue, manage, and share credentials without compromising privacy​.

The Cloaking Layer democratizes ZK technology, offering ZK-as-a-Service for blockchain developers to easily integrate privacy features into their projects. It facilitates interoperability across various blockchains while maintaining a trustless verification system, enhancing the security and privacy of decentralized applications.

zCloak recently raised $5.8 million in a funding round led by Coinbase Ventures and others, signaling strong investor confidence in its innovative privacy-preserving solutions.

Key team members: 

• Dr. Xiao Zhang – Founder & CEO
  Xiao is an associate professor at Shandong Technology and Business University. Before founding zCloak, he worked at multiple blockchain companies in China. He holds a PhD degree in University of Twente.

We are thrilled to participate in zCloak’s seed round to advance zero-knowledge development. For more information, please visit zCloak website.