ZK technology development company Nil completed a $22 million financing at a valuation of $220 million

ChainCatcher news, the Nil Foundation has raised $22 million in a funding round led by Polychain Capital, which concluded at the end of last year, bringing the foundation's valuation to $220 million. Other investors included Blockchain Capital, Starkware, and Mina Protocol.

Nil was founded in 2018 and is the developer of the Proof Market protocol, which enables Layer 1 and Layer 2 blockchains and protocols to generate zero-knowledge (ZK) proofs on demand. (The Block)