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HomeFinanceInformation Possession Protocol Raises $162M in Token Sale

Information Possession Protocol Raises $162M in Token Sale

Information Possession Protocol mentioned it has raised $162 million in a latest token sale forward of its upcoming mainnet launch later this month.

The protocol is targeted on blockchain privateness and clims to deliver “selective transparency to Ethereum” has a neighborhood with over 2.67 million customers participating in its testnet. Information Possession Protocol goals to present customers full management over their knowledge.

In an announcement the protocol founders mentioned, the now-completed token sale represents the ninth-largest of all time, supporting the protocol’s goal of selling on-chain knowledge transparency by increasing its total operations and forging significant partnerships because the workforce prepares for its upcoming mainnet launch late April to Could 2024.

Protocol Makes use of zk-SNARK Tech

Information Possession Protocol makes use of applied sciences equivalent to zk-SNARKs to validate transactions with out revealing the underlying knowledge, guaranteeing each privateness and regulatory compliance.

zk-SNARK is a zero-knowledge proof protocol the place customers are capable of show they maintain sure info with out revealing it and with none interplay between the events.

Builders Check New Options

“Throughout our testnet launch, our neighborhood was instrumental in serving to the workforce shore up the protocol’s options and establish any potential vulnerabilities, and that continued invaluable assist is liable for this token sale,” Kohji Hirokado, Co-Founder at Information Possession Protocol in a press launch.

“It’s been some time because the crypto world has seen a token sale fairly like this, and it underscores our revolutionary strategy to knowledge possession. By leveraging blockchain know-how, we intention to empower people with full management over their knowledge, guaranteeing privateness, safety, and the chance to partake within the worth it generates,” provides Hirokado.

Information Possession Protocol lately shared its roadmap on the social media platform X.

1/6 DOP’s Roadmap Replace: The Journey Continues!
After an thrilling few weeks, together with our token-claiming occasion and reaching a significant milestone as certainly one of Ethereum’s prime 100 holder communities, we’re thrilled to share our roadmap imaginative and prescient for the upcoming quarter with you. pic.twitter.com/U0Mp3MAhVD

— Information Possession Protocol (@dop_org) April 1, 2024

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