ZK Protocol Hinkal Completes $1.4 Million Strategic Round of Financing, Led by SALT Fund

BlockBeats news, on April 27, The Block reported that ZK protocol Hinkal completed a $1.4 million strategic round of financing, led by SALT Fund, with participation from Draper Associates, SNZ Capital and Peer VC.

Hinkal co-founder and CTO Nika Koreli said the structure of this round of financing is a simple future equity (SAFE) and token warrant agreement, bringing Hinkal's valuation to $70 million.