‘zkPass’ Wins Web3 Entrepreneurship Contest on Binance

Host an Entrepreneurship Contest in the Metaverse

Major crypto asset (virtual currency) exchange Binance has selected zkPass, which develops zero-knowledge proofs, as the winner of the Web3 entrepreneur contest program “Build The Block” held on Metaverse on the 2nd. zkPass will receive funding for expansion from Binance Labs.

Congratulations to our grand winner of #BuildTheBlock!

As the winning project, you have secured investment from @Binance Labs to help scale your business and take it to the next level.

Thank you to all the projects that participated for making it an unforgettable series. https://t.co/YCUX5rlEFk pic.twitter.com/MwNcNEDbL0

—Binance (@binance) June 2, 2023

What is zkPass

zkPass is a decentralized identity protocol that leverages Multi-Party Computation (MPC) and Zero-Knowledge Proof (ZKP) technologies to allow users to prove their data over Web2 and Web3 networks.

zkPass allows its users to reveal verifiable data such as identity, financial status, experience, education and skills to third parties without exposing personal information or uploading private documents. can.

It allows you to interact securely with Web2 and Web3 systems while protecting your privacy. Users can control their data and share it only with those they choose.

It also employs data tampering protection and advanced prevention mechanisms to prevent fraud and other fraudulent activities.

The zkPass team cited healthcare, education, decentralized due diligence, social networking, gaming, finance, and supply chain management as potential application areas.

Users can verify their credentials without revealing their personal information in situations such as online identity verification, marketplaces, SNS apps, decentralized finance (DeFi), and job applications.

Overview of “Build The Block”

The contest program “Build The Block” held by Binance using the Metaverse was aired on Binance Live and official YouTube from May 12th.

The grand finale of #BuildTheBlock is live!

We’ve seen 12 promising projects go head-to-head to win the votes of the audience and our panel of judges, but who will be crowned champion?

Tune in to #Binance Live to find out

—Binance (@binance) June 2, 2023

On the show, 12 promising Web3 projects presented and competed to win a grant from Binance Labs.

The audience in the Metaverse space included web3-related influencers, venture capitalists, project founders, etc., and voted for the project. Projects that received the most votes proceeded to a Q&A session with the judges, after which the judges scored the participating projects.

The judges were Yi He, co-founder of Binance and Head of Binance Labs, Yibo Ling, Chief Business Officer of Binance Labs, Robby Yung, CEO of Animoca Brands Investment, Azeem Khan, Head of Funding and Partnerships of Gitcoin, It was Guy Turner, co-founder of Coin Bureau.

The show has received applications from over 900 projects, and besides zkPass, the following four projects have also received investment from Binance Labs.

• Mind Network: A decentralized privacy protection tool that offers data storage and more
• Kryptoskatt: accounting, portfolio management and tax reporting services
• Bracket Labs: On-chain financial projects leveraging leverage
• dappOS: A Solution to Lower the Entry Barrier to Web3

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