Gate News Bot Message, January 13 — According to CoinMarketCap data, as of press time, ZKP (zkPass) is trading at $0.15, up 11.17% in the past 24 hours, with a high of $0.22 and a low of $0.12. The 24-hour trading volume reached $52.6 million. The current market cap is approximately $30.1 million, an increase of $3.02 million from yesterday.
zkPass is a private data verification protocol based on Multi-Party Computation (MPC), Zero-Knowledge Proofs (ZKP), and 3P-TLS technology, which can verify real identity information without revealing personal privacy. The project aims to create a seamless bridge between Web2 and Web3 ecosystems, allowing users to securely generate zero-knowledge proofs and verify on-chain through products like TransGate. zkPass has received support from top investors such as Sequoia and completed a $12.5 million Series A funding round in October 2024.
Important recent news about ZKP:
1️⃣ Mainstream Recognition of Zero-Knowledge Proof Technology Applications
The rising demand for privacy protection and identity verification, along with regulatory compliance pressures, has driven widespread attention to zero-knowledge proof technology. As a core technology for privacy and identity verification, zero-knowledge proofs are becoming a significant development direction in the blockchain industry. Privacy data protocols built on this technology have gained high market recognition, laying a solid market foundation for projects like zkPass.
2️⃣ Expansion of Cross-Ecosystem Applications Strengthens Commercialization Prospects
Mainstream tech platforms like Google Wallet have begun integrating zero-knowledge proof technology for identity verification, marking the technology’s expansion from the crypto ecosystem to traditional internet applications. zkPass has established partnerships with ecosystem players such as zkLink, Galxe, zkSync, and LayerZero. This cross-domain, cross-ecosystem application expansion provides practical scenarios for privacy verification protocols, boosting market confidence in the technology’s commercialization prospects.
3️⃣ Growing Urgency for Privacy Data Protection
Under increasingly strict digital regulation, user concern for privacy data protection continues to rise. zkPass’s solution of “verifying identity without revealing privacy” enables seamless transfer of private data between Web2 and Web3 ecosystems through products like TransGate. This precisely meets the urgent needs for data security and personal privacy balance in applications such as ZK-KYC, DeFi lending, and medical data trading.
This message does not constitute investment advice. Investors should be aware of market volatility risks.
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