Data Ownership Protocol announced a successful token sale, amassing $162 million to fuel its mission ahead of the mainnet launch later this month.
Data Ownership Protocol Raises $162 Million to Advance Blockchain Privacy and Transparency Upgrades
Data Ownership Protocol, dedicated to enhancing blockchain privacy, secured a significant $162 million in its recent token sale. The impressive funding marks it as one of the largest sales in history, supporting the protocol's vision of promoting on-chain data transparency.
With a robust community exceeding 2.67 million users participating in its testnet, Data Ownership Protocol strives to grant users complete control over their data. This commitment aligns with its aim of introducing selective transparency to Ethereum, ensuring privacy and regulatory compliance.
The protocol employs zk-SNARK technology to validate transactions without exposing sensitive data, thus safeguarding privacy while ensuring regulatory adherence.
Highlights User-Centric Development Commitment Ahead of Mainnet Launch
During the testnet phase, the community played a pivotal role in refining protocol features and identifying vulnerabilities. This collaborative effort contributed to the success of the token sale, reinforcing the project's commitment to user-centric development.
As the team prepares for the mainnet launch scheduled for late April to May 2024, Data Ownership Protocol remains focused on expanding operations and fostering strategic partnerships.
Data Ownership Protocol's substantial token sale underscores its innovative approach to data ownership. By harnessing blockchain technology, the protocol aims to empower individuals with complete data control, emphasizing privacy, security, and the ability to derive value from their data.