ChainCatcher news, zCloak Network has officially signed a Web3 PoC (Proof of Concept) funding agreement with Hong Kong Cyberport. According to the plan, Cyberport will provide financial support to assist zCloak Network's technology and products in conducting proof of concept, promoting the application and popularization of DID (Decentralized Identity) in Hong Kong's business and financial sectors, and enhancing the anti-fraud capabilities of small and medium-sized enterprises in the context of deep AI fraud.

ChainCatcher news, according to CoinDesk, Ava Protocol (formerly OAK Network) has completed a $10 million seed round financing, with participation from Electric Capital, Taisu Ventures, and Polygon founder Sandeep Nailwal. The new funds will be used to develop its Eigenlayer AVS for private autonomous trading on Ethereum.Additionally, the Web3 asset data platform RootData shows that Ava Protocol is an intent-based Eigenlayer AVS that seamlessly supports privacy autonomous trading for a wide range of use cases, including DeFi, NFTs, and gaming. Ava Protocol is enhancing decentralized applications with features such as recurring and scheduled payments, stop-loss orders, and streaming rewards. The event-driven execution model of Ava Protocol triggers cross-chain transactions based on signals such as time, price changes, and smart contract updates. Developers can easily schedule and automate functions across different blockchains (including Ethereum), ensuring efficient and reliable execution without compromising privacy.

ChainCatcher news, recently, zCloak Network announced a formal strategic partnership with LingoAI. LingoAI will be the first to adopt the Valid One protocol in the presale of its AI hardware product LingoPod, and will later integrate zCloak's local zero-knowledge proof computing technology to further enhance the product's privacy protection capabilities.It is reported that zCloak Network is a privacy-first DID and verifiable computing infrastructure. It recently launched an innovative DID solution aimed at addressing identity trust and privacy issues in the AI era—Valid One.LingoAI is committed to promoting the integration of cross-language AI large models and Web3.0 underlying technologies. Its "DePIN x AI" hardware product LingoPod is an AI translation tool built on DePIN that supports "Speak to Earn&Train."

ChainCatcher news, April 6, Hong Kong, zCloak Network officially announced the Valid One protocol and product at the HK Web3 Festival. Valid One is an innovative DID solution aimed at addressing identity trust and privacy issues in the AI era. Based on the ICP network, Valid One has achieved a full technology stack on-chain for the first time, including front-end pages, back-end contracts, and DID wallets, realizing a true "full-stack Web3 solution." By utilizing cutting-edge Passkey key technology, users can create identities and wallets in just 5 seconds without any gas fees. This not only greatly enhances user experience but also provides hardware encrypted wallet-level security, playing a significant role in anchoring real user identities and preventing AI telecom fraud.zCloak Network officials stated that the launch of the Valid One protocol not only marks a significant advancement for zCloak Network in the Web3 identity verification field but also reflects the project's commitment to enhancing the security and convenience of digital interactions. zCloak Network believes that through continuous technological innovation and optimization, future digital identity verification will become simpler, safer, and more efficient. It can effectively protect trust and user privacy in the AI era, effectively prevent new types of AI telecom fraud, and safeguard users' online security.

ChainCatcher news, zCloak Network today launched a zero-knowledge proof infrastructure based on the concept of chain abstraction, addressing the issues of traditional zero-knowledge proofs that can only verify on a single chain and single-chain usage. zCloak Network developed the STARK VM zero-knowledge proof verifier based on the ICP technology stack, achieving decentralized verification of zk-STARK zero-knowledge proofs at a very low cost. Coupled with ICP's ECDSA threshold signature technology, the verification results of zero-knowledge proofs can be directly used on any EVM chain as well as public chains like ICP, Solana, and Sui.In addition, zCloak Network will also launch a universal zero-knowledge proof generation and verification service based on chain abstraction, thereby lowering the application threshold for zero-knowledge proof technology in the Web3 field.

ChainCatcher news, on January 12, at the first SFT Innovation Forum, the founder of zCloak Network and the co-founder of Solv Protocol jointly announced that they have officially become strategic partners for the DESFT project.It is reported that DESFT was jointly designed and incubated by zCloak and Solv, and was unveiled at the Singapore FinTech Festival last November. The project is jointly supported by the Monetary Authority of Singapore and the Bank of Ghana, aiming to help small and medium-sized enterprises in developing regions participate in international trade through corporate digital identity, digital credentials, and ERC3525 technology, obtaining fair, accurate, and affordable financial services in cross-border digital economic activities.Through deep cooperation on the DESFT project, both parties agree that zCloak's zero-knowledge proof and digital identity technology complement Solv Protocol's ERC-3525 standard very well, with strong integration and broad innovation space in practical application development. In order to better explore the path of asset tokenization in the real world, both parties have officially established a commercial strategic partnership to jointly expand future technological cooperation and business landing scenarios.

ChainCatcher news, the Singapore FinTech Festival, jointly organized by the Monetary Authority of Singapore (MAS) and the Singapore Banking Association, will grandly open on November 15.Dr. Zhang Xiao, founder of zCloak Network, has been invited by the organizers to participate in a roundtable discussion during the exhibition, themed "Shaping the Future of Cross-Border Transaction Compliance," hosted by Elevandi Insights.It is reported that at this roundtable, central bankers, financial industry experts, and thought leaders from academia and various enterprises will discuss how to achieve compliant payments on the blockchain, specifically how to ensure their security and integrity while facilitating cross-border payments, and create the necessary conditions for relevant legal regulations.In addition, Dr. Zhang Xiao stated: "The zCloak team will also announce significant news related to the development projects in collaboration with partners during the FinTech Festival, and it will be a global premiere, so everyone can stay tuned."

ChainCatcher news, from August 17 to September 10, the Global Hacker House, initiated by Antalpha and co-hosted by multiple project parties, with zCloak as a sponsor and deeply involved, has officially concluded successfully. During this period, the zCloak team shared personal identity solutions based on DID and verifiable digital credentials, focusing on the theme of new autonomous organizational relationships, in sessions held in Shanghai and Shenzhen, where developers from various regions participated and discussed application scenarios in their respective thematic areas.At the same time, the zCloak team successfully issued over 40 event commemorative certificates to developers who participated in the Hacker House events in Shanghai and Shenzhen, and conducted a lottery based on the participants' DIDs, giving away co-branded hardware wallets.In addition, based on themes such as AA + Onboarding, AA + RWA, and Web3 + AIGC, the zCloak team developers proposed the concept of "DID & VC driven public guardians," and team members acted as hackers to develop and explore innovative products in the Web3 field based on AA together with other developers.

ChainCatcher news, zCloak Network announced that it will collaborate with Chaintool to provide an on-chain KYC zk-SBT product public testing event for Web3 users.It is reported that this experience event is not time-limited. Users who complete the certification between June 1, 2023, and June 30, 2023, will not only receive a personal exclusive zk-SBT but also have the chance to obtain the event-exclusive OAT (Galex) and NFT (QuestN). The first phase of the event will be conducted in a testnet environment, and the KYC process does not require real user information. Users can participate in the event through the zCloak Credential Platform. (Source link)

ChainCatcher news, zCloak Network was selected for the Hong Kong Cyberport Incubation Program in February 2023 and officially joined the Cyberport Entrepreneurship Centre today, becoming one of the new members of the Cyberport community. According to publicly available information from Cyberport, over 180 companies participated in the selection process for this incubation program globally, with 45 companies ultimately selected, including 6 blockchain technology companies like zCloak.zCloak Network adopts a "Zero-Knowledge Proof as a Service" business model to create a one-stop multi-chain privacy computing infrastructure. At the same time, as a privacy DID service platform based on zero-knowledge proof technology, zCloak Network is committed to providing a secure, efficient, and highly private computing and identity solution, offering safer, more efficient, and more private financial services to major financial institutions in Hong Kong, promoting the Web3 transformation of the financial industry. (Source link)

ChainCatcher news, according to PRNewswire, the Polkadot ecosystem DeFi and automated payment platform OAK Network, along with the data indexing tool SubQuery, have received investments from EMURGO Ventures, the official commercial arm of Cardano, with the amounts undisclosed.EMURGO Ventures stated that the solutions provided by OAK Network can enhance the overall operational efficiency of the Cardano blockchain through its interoperability automation infrastructure, while SubQuery can provide APIs to support developers for Cardano ecosystem DeFi, NFTs, wallets, and more. (Source link)