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Elusiv, a Zero-Knowledge-based compliant privacy protocol, announced it has raised $3.5m in a seed funding round co-led by LongHash Ventures and Staking Facilities Ventures, with participation from Jump Crypto, NGC Ventures, Big Brain Holdings and others.
The fund will be used to build out Elusiv's development team, fund security audits, and bring its solution to multiple blockchains.
Elusiv aims to provide privacy protection solutions to Web3 projects, while being compliant with regulatory requirements with its compliance system.
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