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Data Ownership Protocol Raises $162 Million in Token Sale
Data Ownership Protocol recently announced that it has successfully raised $162 million in a token sale ahead of its mainnet launch scheduled for later this month. The protocol, which focuses on blockchain privacy and aims to introduce “selective transparency to Ethereum,” boasts a community of over 2.67 million users who have actively participated in its testnet.
Empowering Users with Data Control
The primary objective of Data Ownership Protocol is to provide users with full control over their data. Through the recent token sale, which is now among the top ten largest token sales of all time, the protocol aims to advance on-chain data transparency, expand its operations, and establish strategic partnerships in preparation for the mainnet launch scheduled for late April to May 2024.
Utilizing zk-SNARK Technology
Data Ownership Protocol leverages advanced technologies such as zk-SNARKs to validate transactions while maintaining data privacy and regulatory compliance. zk-SNARK, a zero-knowledge proof protocol, enables users to demonstrate possession of specific information without disclosing it, all without requiring interaction between parties.
Community Support and Development
Kohji Hirokado, Co-Founder of Data Ownership Protocol, expressed gratitude for the community’s support during the testnet phase, highlighting their contributions to enhancing protocol features and identifying potential vulnerabilities. This collaborative effort played a crucial role in the success of the token sale.
“Our innovative approach to data ownership aims to empower individuals by granting them complete control over their data, ensuring privacy, security, and the ability to participate in the value it generates,” added Hirokado.
Future Roadmap
Data Ownership Protocol recently shared its roadmap on the social media platform X, outlining upcoming milestones and objectives for the next quarter. The protocol’s commitment to transparency and user empowerment remains at the forefront of its development strategy.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
