Decentralized privacy protocol Hinkal completes $4.1 million financing, led by Draper Associates
ChainCatcher news, the decentralized privacy protocol Hinkal announced the completion of a $4.1 million financing round, led by Draper Associates, with participation from Psalion, NGC Ventures, Aquanow, No Limit Holdings, Orange DAO, Draper Dragon, and Web3.com Ventures.
It is reported that Hinkal is a ZK-based solution that provides a privacy smart contract wallet experience, allowing users to participate in their favorite dApps directly from their privacy addresses without the need to extract assets for obfuscation. The protocol uses stealth addresses, shielded pools, and DID to achieve minimal privacy costs and high compliance levels for mature DeFi traders.
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