ILITY Secures $2 Million Funding to Advance Web3 Cross-Chain Identity Mission

ILITY has successfully raised $2 million at a valuation of $21 million, with Animoca Brands and Duck DAO leading the investment round. According to ChainCatcher, this funding marks a significant milestone in ILITY's mission to redefine cross-chain identity and data sovereignty within the Web3 space. The project is developing a high-performance Layer-1 blockchain based on zero-knowledge proofs (ZKP) to enable secure cross-chain data verification while safeguarding sensitive information. The newly acquired funds will accelerate protocol development, expand ecosystem partnerships, and strengthen ILITY's position as a core infrastructure layer for a decentralized future.