Web3 startup Terminal 3 raises $8 million in seed funding

BlockBeats News, April 30th, according to businesswire, Hong Kong Web3 startup Terminal 3 has completed an $8 million seed round of financing. This round of funding was led by Illuminate Financial and CMCC Titan Fund, with participation from Animoca Brands, Progression Fund, IDG Blockchain, and Cherubic Ventures, among others. The raised funds will be used to develop a new data privacy and security protocol and accelerate enterprise adoption of its decentralized identity and credential platform. Terminal 3 leverages technologies such as blockchain and zero-knowledge encryption to provide secure, self-sovereign data storage and access solutions for sectors such as banking and government credentials. The company has recently launched an AI agent authentication platform.