Web3 access control protocol Lit Protocol completes $13 million Series A funding, led by 1kx

Chain Catcher news, Web3 access control protocol Lit Protocol has completed a $13 million Series A funding round, led by 1kx. This round of financing will be used to expand the development team to establish distributed ownership and cross-protocol interoperability.

It is reported that Lit is a network for access control, computation, and encryption, aimed at providing users with private keys that can interoperate within the Ethereum Virtual Machine (EVM), DeFi, DAOs, and NFTs, thereby achieving greater security and autonomy over their data and digital assets. (CoinDesk)