Zama has announced the launch of its new confidential blockchain protocol testnet, raising $57 million from investors.
Funding and Testnet Launch
Zama has raised $57 million in a funding round co-led by Pantera Capital and Blockchange. Several strategic investors focused on privacy tech, blockchain infrastructure, and AI applications also participated in the round.
What is Zama Confidential Blockchain Protocol
Zama is developing a new protocol, functioning as a cross-chain confidentiality layer. It integrates with existing blockchains, enabling confidential smart contracts. Zama's core technology is Fully Homomorphic Encryption (FHE), allowing computations on encrypted data without revealing the underlying information.
The Future of Privacy Technologies in Blockchain
With secured funding and the testnet launch, Zama positions itself as a key player in the growing demand for on-chain privacy solutions. As blockchains expand, privacy-preserving technologies like Zama’s are likely to become foundational layers in next-generation infrastructure.
Having successfully secured funding, Zama is paving the way for the launch of an innovative protocol that addresses market demands for privacy solutions in blockchain.
