TechFlow, April 30 — According to Business Wire, Terminal 3, a Hong Kong-based decentralized user data infrastructure, has raised $8 million in seed funding. The round was co-led by Illuminate Financial and CMCC Titan Fund, with participation from Animoca Brands, Progression Fund, IDG Blockchain, and Cherubic Ventures.
Terminal 3 leverages blockchain and privacy-enhancing technologies such as zero-knowledge cryptography to provide users with self-sovereign data storage and private access services, applicable in areas including banking, government credentials, social media, and marketing.
The company currently serves nearly 8 million users. The funding will be used to develop new data privacy and security protocols and accelerate the adoption of enterprise-grade decentralized identity and credential platforms.
