PANews reported on October 8 that according to Globenewswire, blockchain digital identity platform TransCrypts announced the completion of a US$15 million seed round of financing, led by Pantera Capital, with participation from Lightspeed Faction, Alpha Edison, Motley Fool Ventures, California Innovation Fund and a group of angel investors. The new funds will support its optimization and construction of a blockchain platform for digital identity and credential verification to prevent artificial intelligence fraud and deep fake technology from eroding network trust.