zCloak Network is a privacy-focused computing platform based on Polkadot. It uses a novel zk-STARK virtual machine for general purpose computations. It enables a new computation paradigm called the Cloaking Space, which provides a private and scalable computation environment for Web 3.0. With zCloak Network, people can use their real-world data for e.g. DeFi, NFT applications without disclosing their privacy. zCloak Network will adopt a business model of Zero-Knowledge Proof as a Service for major public blockchains. zCloak Network was formerly known as Starks Network. They just raised $5.8 million in a pre-Series A round. While there was no lead investor, Coinbase Ventures was a major participant, according to a news release.Participating investors included Bixin Ventures, Matrixport Ventures, DFG, Sancus Ventures, KuCoin Ventures, Sanctor Capital, Hash Global and Jump Capital among others. The valuation was not disclosed.

Now they are start this event which is the world’s first DID-based private social relations and Christmas Card event. With the help of zCloak’s privacy-preserving DID protocol, users can invite the others to confirm their social relationship with themselves while sending Christmas greetings, so as to fully experience the charm of Web3’s self-sovereign data technology. For everyone who has successfully sent out more than 3 Christmas Cards (3 included) to different attesters and get attestations approved from them, zCloak Network will be issuing out a special “zCloak Christmas Elf” credential to your DID. They plan to throw events on major global holidays and issue holiday special participation proof credentials each and every time. Please hold on to your DID account and accumulate these special credentials for future surprises and redemption of prizes! #DID #zCloak #ZKP #Verifiable Credential