Article Summary, Automatically Generated By AI
Summary
- Karat is the largest protocol on ZKSync with over 300,000 active wallets.
- Developed by senior engineers from Apple, Google, and a Forbes 30u30 serial entrepreneur.
- Received investments from institutions such as Bitmart, NEO Eco, Longling Capital, Emurgo Capital, Blackbull Venture, and Milestone Capital.
- Karat encrypts user data (email, Twitter, etc.) and stores it on IPFS, allowing users and nodes to decentralize control over data access permissions.
- Intended for future Dapps requiring Web3 social, data indexing, advertising delivery, and login permission calls.
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Numbers and figures:
- 300,
About Karat
Karat is a pioneering digital asset management platform that empowers users to effortlessly navigate the complexities of the cryptocurrency market.
The largest protocol on ZKSync, Karat boasts an impressive 300,000+ active wallets, with each user having verified their web3 wallet and web2 identity/behavioral data. Founded by seasoned engineers from Apple, Google, and a Forbes 30u30 serial entrepreneur, Karat is a cutting-edge data access control middleware. By harnessing the power of on-chain MPC and ZK technologies, Karat creates a sharable Web 2 & 3 ID data layer. The project has garnered significant investments from esteemed institutions, including Bitmart, NEO Eco, Longling Capital, Emurgo Capital, Blackbull Venture, and Milestone Capital. Karat employs robust encryption to safeguard user data, such as email and Twitter credentials, linking it to the user’s wallet and storing it on IPFS. Users and nodes are then granted the MPC private key, enabling them to decentralize control over all data access permissions. This infrastructure is poised to support a wide range of future Dapps, including those requiring Web3 social, data indexing, advertising delivery, and login permission calls.