Sora Ventures Leads Silent Protocol $5 mn Round
Silent Protocol is a startup project led by researchers from TÜBTAK BLGEM, Turkey’s foremost technological and scientific centre dedicated to strengthening the country’s technological and scientific capabilities. Its major goal is to create a scalable privacy layer for existing applications that eliminates the need to swap liquidity from existing pools.
The project, which is scheduled to begin in 2021, has already received preliminary funding from venture capital firms such as Zed Prime Capital, Mechanism Capital, Hypersphere, and Daedalus, among others.
Silent Protocol plans to expand its network into and beyond web3 with a $5 million fundraising round led by Sora Ventures. The goal is to make working with conventional institutions easier by building a security layer for their apps that is consistent with MiCA requirements in the European Union.
(With inputs from Shikha Singh)
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