Aztec Labs acquires privacy identity tool ZKPassport, will continue to keep it open source.

CoinFeed reported on May 28th that, according to The Block, Aztec Labs has acquired Obsidion, the company behind the open-source privacy authentication tool ZKPassport. Obsidion's 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-2 network, Aztec Network. Last year, it raised approximately $60 million worth of ETH through an AZTEC token sale and had previously secured approximately $125 million in venture capital.