[NEWS] INTMAX, a project to build a global payment infrastructure, completes strategic round

Ryodan Systems AG, which develops the Ethereum Layer 2 solution "INTMAX zkRollup" that realizes almost zero fees, and the Web 3.0 wallet "INTMAX Wallet" equipped with the latest encryption technologies such as biometric authentication, MPC, and FHE, announced the completion of a strategic round.

The company, which completed funding of 650 million yen in a seed round in April this year, is represented by Japanese entrepreneur Reona Hioki.

Many participants, including HashKey Capital, B Dash Ventures, and MZ Web3 Fund, invested in the same round, and KX, GMO AI & Web3, LD Capital, and Kepple Africa Ventures participated in this strategic round.

INTMAX's zkRollup is said to have specifications that allow for both near-zero gas fees and data sovereignty, which were previously considered impossible to achieve with regular rollups.

The wallet, which was released recently, has enhanced security with biometric authentication, MPC, and FHE, and is designed to be easily accessible from a variety of devices and browsers.

With just an email address, users can easily and safely handle crypto assets (virtual currencies) without the need to download any apps or extensions, and without the hassle of managing seed phrases.

INTMAX's stateless zkRollup protocol has attracted attention as a solution that uses an innovative approach to resolve issues such as high fees, delays, interoperability issues, and privacy protection in crypto asset transactions. Due to its excellent design, it has recorded more than 1,000 registrations per day from around the world just three weeks after launch.

INTMAX aims to develop an unprecedented crypto asset wallet using innovative technology, and plans to introduce link transfers that can be used on devices without biometric authentication in the future.

The wallet was selected as one of the top 50 best-performing blockchain projects at Crypto Valley in 2023.

We are also looking forward to the inclusion of new features that give it an advantage over existing Web 3.0 wallets.

Reference:Announcement
Image: Quoted from the announcement