Ola, a privacy-focused web3 startup, raised $3 million in seed funding.
Web3.com Ventures and Foresight Ventures co-led the round. Additional support came from Token Metrics Ventures, LD Capital, Catcher VC and others.
Ola experiments with a hybrid zero knowledge rollup called "ZK-ZKVM" that aims to offer optional privacy in the crypto industry.
"Our ultimate goal is to make privacy a fundamental right in the digital age, especially for web3 users," Ola CEO Ocean Chen said in a statement. "With Ola's full-featured ZK-ZKVM, developers can harness the potential of privacy-centric applications that prioritize user control and data protection."
Ola is currently not available to the public. It intends to launch a beta testnet in the third quarter and release a public testnet by the end of 2023.
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