Digital Identity, No Data Required: ZK Protocol Secures $9M to Champion a Privacy-Centric Tomorrow

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Digital Identity, No Data Required: ZK Protocol Secures $9M to Champion a Privacy-Centric Tomorrow

Bitget-RWA2025/11/14 00:30

By:Bitget-RWA

- Self Labs raised $9M in seed funding led by Greenfield Capital and SoftBank, with participation from Web3 leaders like Sreeram Kannan and Sandeep Nailwal. - The ZK-based platform enables privacy-preserving identity verification using zero-knowledge proofs and supports 129 countries' biometric passports and India's Aadhaar system. - A points-based rewards program incentivizes on-chain verification, while integrations with Google, Aave , and Velodrome expand use cases like token distribution and age checks

Self Labs, a prominent protocol specializing in zero-knowledge (ZK) identity, has

raised $9 million in seed investment

to speed up the creation of its privacy-focused identity infrastructure. The funding round was spearheaded by Greenfield Capital and SoftBank's Startup Capital Ventures x SBI Fund, and drew interest from notable Web3 leaders and institutional backers, such as Sreeram Kannan (EigenLayer), Sandeep Nailwal (Polygon), and Casey Neistat

as stated in the release

. This investment comes amid increasing interest in ZK-based technologies to prevent sybil attacks, maintain OFAC compliance, and authenticate human users without compromising private data

according to recent studies

Utilizing zero-knowledge proofs and verifiable credentials, Self's platform allows individuals to prove details such as age, residency, or national ID status without disclosing personal data

as per company representatives

Digital Identity, No Data Required: ZK Protocol Secures $9M to Champion a Privacy-Centric Tomorrow image 0

The protocol is compatible with biometric passports from 129 nations, national ID cards from 35 countries, and India's Aadhaar system, which serves more than 1.4 billion people

as outlined in the report

. User-friendly options like Self Connect, which leverages mobile phone numbers for registration, further enhance accessibility

based on company statistics

. The firm has already partnered with major platforms such as Google,

Aave

, and Velodrome,

enabling applications from token allocation

to verifying user age.

An important aspect of this seed funding is the introduction of a points-based rewards initiative to

encourage on-chain identity validation

. Participants can accumulate points for verified actions on partner services, with additional integrations anticipated to expand earning possibilities

according to industry insights

. Eric Nakagawa, Self's CEO and co-founder, highlighted the protocol’s significance in meeting the sector’s demand for secure and privacy-centric verification, commenting, "

The increasing use of our infrastructure demonstrates

that ZK-based solutions are the way forward".

The capital will also fund the ZK Identity Residency initiative, which brought together 15 developers from seven different countries in San Francisco to work on product and engineering projects

as detailed in company updates

. With a focus on regulatory compliance and scalability, Self is positioning itself as a core component for the "future of the internet"

in line with the company's mission

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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