Opacity has secured a $12 million seed investment to enhance data portability and user control by developing the Verifiable Data Network, aiming to solve long-standing data management issues in the web2 landscape.

Target Information

Opacity is a pioneering company addressing the long-standing issue of data control and interoperability in the web2 landscape. Founded by Hersh Patel, Opacity has developed a solution termed the Verifiable Data Network (VDN), which aims to bring confidential data from existing web2 applications on-chain in a compounding, verifiable manner. This approach represents a significant shift towards user empowerment in managing their personal data.

With the VDN, Opacity not only facilitates seamless data portability but also ensures that users maintain verifiable identities and reputations irrespective of the platforms they use. This capability positions Opacity as a key player in the evolving landscape of data ownership and privacy.

Industry Overview

The data management industry has seen immense growth as concerns regarding user privacy and data ownership continue to mount. In the landscape of web2 applications, users are often locked into p