According to Foresight News, the zero-knowledge protocol Hinkal has successfully raised $1.4 million in a strategic financing round. The funding round was based on a simple agreement for future equity (SAFE) and token equity certificates, bringing its valuation to $70 million. The round was led by SALT Fund, with participation from Draper Associates, SNZ Capital, and Peer VC.
Currently, Hinkal operates on seven blockchain networks, including Ethereum, Base, Arbitrum, Optimism, Avalanche, Polygon, and BNB Chain. The successful financing round and the broad network operation underline Hinkal's growing influence in the blockchain industry.