TechFlow reports that the decentralized privacy protocol Hinkal has announced a $4.1 million funding round led by Draper Associates, with participation from Psalion, NGC Ventures, Aquanow, No Limit Holdings, Orange DAO, Draper Dragon, and Web3.com Ventures.
Hinkal is a ZK-based solution offering private smart contract wallet experiences, enabling users to directly interact with their favorite dApps from their private addresses without needing to withdraw assets for obfuscation. The protocol leverages stealth addresses, shielded pools, and DID to deliver minimal privacy costs and high compliance standards for sophisticated DeFi traders.
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