Decentralization user data infrastructure Terminal 3 completed $8 million seed round financing, led by Illuminate Financial and CMCC Titan Fund.

According to Deep Tide TechFlow news on April 30, as reported by Business Wire, Hong Kong's decentralized user data infrastructure Terminal 3 has completed an $8 million seed round of financing. This round of financing was co-led by Illuminate Financial and CMCC Titan Fund, with participation from Animoca Brands, Progression Fund, IDG Blockchain, and Cherubic Ventures.

Terminal 3 utilizes blockchain and privacy-enhancing technologies (such as zero-knowledge cryptography) to provide users with self-sovereign data storage and private access services, with application scenarios covering banking, government credentials, social media, and marketing.

According to reports, the company currently serves nearly 8 million users. The funding will be used to develop new data privacy and security protocols and accelerate the application of enterprise-level Decentralization identity and credential platforms.