The blockchain digital identity verification platform TransCrypts has completed a $15 million seed round of financing, led by Pantera Capital

the on-chain digital identity platform TransCrypts announced the completion of a $15 million seed round financing, 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 funding will support its efforts to optimize the construction of a blockchain platform for digital identity and credential verification, preventing AI fraud and deepfake technology from eroding trust in the network.