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Knowledge Possession Protocol Raises $162M in Token Sale

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

The protocol is concentrated on blockchain privateness and clims to deliver “selective transparency to Ethereum” has a group with over 2.67 million customers collaborating in its testnet. Knowledge Possession Protocol goals to offer 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 Might 2024.

Protocol Makes use of zk-SNARK Tech

Knowledge Possession Protocol makes use of applied sciences resembling zk-SNARKs to validate transactions with out revealing the underlying knowledge, making certain each privateness and regulatory compliance.

zk-SNARK is a zero-knowledge proof protocol the place customers are in a position to show they maintain sure data with out revealing it and with none interplay between the events.

Builders Check New Options

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

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

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Knowledge Possession Protocol not too long ago 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 high 100 holder communities, we’re thrilled to share our roadmap imaginative and prescient for the upcoming quarter with you. pic.twitter.com/U0Mp3MAhVD

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

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