Financing project decryption: The privacy data verification protocol track welcomes a new player, Vlayer Solidity is competing with zkPass and Opacity Network

How to explore the latest trends in Web3? Web3Caff Research will carefully select and analyze the latest publicly disclosed Web3 financing projects for you. Through the phenomenon, we will reveal the essence - follow us closely to sense the market dynamics. Author: ShirleyLi, Web3Caff Research Researcher Cover: Logo by this project, Typography by Web3Caff Research Word Count: Total 2500+ words According to The Block report, on November 5, crypto startup Vlayer completed a $10 million pre-seed round of financing, with investors including a16z Crypto Startup Accelerator (CSX), Credo Ventures, and BlockTower Capital. Since the concept of Web3 was proposed, developers have always hoped to integrate Web2 data sets into Web3 applications, in order to expand the data collection scope of Web3 applications and promote the development of real asset on-chain business scenarios. Oracles are one of such solutions. Oracles can help blockchains obtain data that cannot be directly generated by themselves or directly accessed. However, oracles often deal with public data that can be directly verified through the network, such as price information, weather information, etc. For private data, such as social media activities, health records, etc., it is difficult for Web3 applications to utilize effectively. Of course, developers have also proposed some solutions to this problem, such as decentralized identity authentication mechanisms, privacy data protocols, etc., trying to establish a closer connection between Web3 applications and Web2 data. Against this background, the Vlayer announced in this issue is committed to building a data infrastructure. It can convert private data from Web2 applications, emails, and blockchains into actionable, anonymous, and composable on-chain assertions, and provide corresponding support for Web3 applications.