Zcash-based zkSNARKs NFT Project Raises $17M Amid Ecosystem Concerns

The zkSNARKs NFT project built on the Zcash (ZEC) protocol has reportedly raised more than $17 million (approximately 23.6 billion won), though concerns have been raised about the lack of visible ecosystem development. Blockchain researcher ZachXBT questioned both the fundraising amount and current progress in building the ecosystem, as reported by Odeali on X.