ChainCatcher news, according to The Block, the ZK protocol Hinkal has completed a $1.4 million strategic funding round, led by SALT Fund, with participation from Draper Associates, SNZ Capital, and Peer VC.Hinkal co-founder and CTO Nika Koreli stated that the structure of this funding round is a simple future equity (SAFE) and token warrant agreement, which brings Hinkal's valuation to $70 million.

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.