According to The Block, ZK technology developer Nil Foundation completed a $22 million financing round at a valuation of $220 million. This round of financing ended at the end of last year, led by Polychain Capital, and participated by Blockchain Capital, Starkware, and Mina Protocol. The new funds will be used to further roll out the proof-of-market protocol and build solutions that improve the speed, security and reliability of blockchain data. Founded in 2018, the Nil Foundation is the developer of a proof market protocol that enables Layer 1 and Layer 2 blockchains and protocols to generate zero-knowledge (ZK) proofs on demand. the