SOL Strategies has acquired Darklake Labs for $1.2 million, aiming to integrate zero-knowledge privacy into the Solana blockchain. The acquisition includes Darklake's Zyga system, which uses zero-knowledge proofs to enable private yet verifiable transactions on Solana. The deal, finalized on April 14, involves $200,000 in cash and $1 million in SOL Strategies shares, with the equity locked for four months. This acquisition marks a strategic shift for SOL Strategies from a Solana-focused investment entity to an active developer of blockchain infrastructure. Darklake's team, including its founders, will join SOL Strategies to continue developing Zyga, leveraging the resources of a publicly listed company. The move positions SOL Strategies as a hybrid entity investing in and building for the Solana ecosystem, with a focus on privacy and compliance.
SOL Strategies Acquires Darklake Labs for $1.2M to Enhance Solana Privacy
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