Aztec Labs acquires Obsidion, the company behind the privacy identity tool ZKPassport
According to The Block, Aztec Labs has acquired Obsidion, the company behind the open-source privacy identity verification tool ZKPassport. Its co-founders Michael Elliot and Theo Madzou, along with their team, will join Aztec Labs to continue developing ZKPassport and related applications.Aztec Labs is building the Ethereum privacy layer two network Aztec Network, which raised approximately $60 million worth of ETH through the AZTEC token sale last year, and previously secured about $125 million in venture capital.ZKPassport allows users to read passports or government documents via mobile NFC, generating cryptographic signatures locally for verifying age, nationality, and "real identity" without exposing full privacy. It has been used for ticketing at the Devconnect conference and for compliance identity verification in the Aztec community token sale. Aztec stated that it will continue to keep the ZKPassport protocol and iOS application open source.
