ChainCatcher reports that ILITY has successfully raised $2 million at a $21 million valuation, led jointly by Animoca Brands and Duck DAO, marking a significant milestone in its mission to redefine cross-chain identity and data sovereignty in Web3. The project is building a high-performance Layer-1 blockchain based on zero-knowledge proofs (ZKP) to enable secure cross-chain data verification while ensuring sensitive information remains private. The newly raised funds will accelerate protocol development, expand ecosystem partnerships, and strengthen ILITY’s position as a core infrastructure layer for a decentralized future.
ILITY Secures $2M in Funding at a $21M Valuation Led by Animoca Brands and Duck DAO
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Summary
ILITY has secured $2 million in project funding at a $21 million valuation, co-led by Animoca Brands and Duck DAO. The on-chain announcement highlights the project’s initiative to build a ZKP-based Layer-1 blockchain for secure cross-chain identity and data validation. The funds will accelerate protocol development, expand ecosystem partnerships, and reinforce ILITY’s role as a decentralized infrastructure layer.
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