Ola Raises $3 Million in Seed Funding for Privacy-focused Web3 Startup
Ola, a privacy-focused web3 startup, has secured $3 million in seed funding. Web3.com Ventures and Foresight Ventures co-led the funding round, with additional support from Token Metrics Ventures, LD Capital, Catcher VC, and other investors. Ola is known for its experimentation with a hybrid zero knowledge rollup called “ZK-ZKVM,” which aims to provide optional privacy in the crypto industry.
Main Breakdowns:
– Ola, a privacy-focused web3 startup, raised $3 million in seed funding.
– Web3.com Ventures and Foresight Ventures co-led the funding round.
– Ola’s hybrid zero knowledge rollup, “ZK-ZKVM,” aims to offer optional privacy in the crypto industry.
– The company aims to make privacy a fundamental right for web3 users.
– Ola plans to launch a beta testnet in Q3 and a public testnet by the end of 2023.
Hot Take:
With its recent seed funding, Ola is poised to advance its mission of making privacy a fundamental right in the digital age. By developing the ZK-ZKVM technology, Ola aims to provide web3 users with greater control over their data and enhance data protection. The upcoming launch of the beta testnet and future public testnet will provide an opportunity for developers and users alike to experience and contribute to Ola’s privacy-centric applications. Keep an eye on Ola as it continues to shape the future of privacy in the crypto industry.
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