ChainCatcher news, on-chain digital identity platform TransCrypts announced the completion of a $15 million seed round, led by Pantera Capital, with participation from Lightspeed Faction, Alpha Edison, Motley Fool Ventures, California Innovation Fund, and a group of angel investors.
The new funds will support the optimization and development of its blockchain platform for digital identity and credential verification, aiming to prevent AI fraud and deepfake technology from eroding online trust.