ILITY secures $2 million in funding, jointly led by Animoca Brands and Duck DAO
According to ChainCatcher, ILITY has successfully raised $2 million at a $21 million valuation, with Animoca Brands and Duck DAO co-leading the investment round. This marks an important milestone in ILITY’s mission to redefine cross-chain identity and data sovereignty in the Web3 sector. The project is building a high-performance Layer-1 blockchain based on zero-knowledge proofs (ZKP), enabling secure cross-chain data verification while ensuring sensitive information is not exposed.
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The University of Michigan's final Consumer Sentiment Index for October stood at 48, reaching a five-month low, but exceeded market expectations. Consumers' one-year inflation expectation rose to 4.7%, and their long-term inflation expectation for the next five to ten years rose to 3.5%, both the highest since May this year and marking a second consecutive month of increase. While the S&P 500 Total Return Index has climbed to record highs, U.S. consumer sentiment remains near historic lows, with the divergence between the two reaching a record extreme.

