Privacy-Focused Giant Secures $25 Million Funding with Participation of Three Popular Altcoins!
A privacy-focused blockchain project called Nillion has recently raised $25 million in funding. The funding round was led by Hack VC, with the participation of three popular altcoins – Arbitrum (ARB), Worldcoin (WLD), and Sei. The objective of this funding is to expand Nillion’s decentralized privacy solutions.
Nillion Network is dedicated to finding solutions for projects that operate at the intersection of blockchain and artificial intelligence. These projects often involve the sharing and storage of large amounts of data that need to be kept secure. Nillion’s services are built around the concept of “blind computing,” which allows data to be processed without compromising sensitive information. Privacy is a top priority for Nillion.
According to Nillion, they have already developed the world’s first “Blind Computer.” The ecosystem of Cosmos, which includes more than 40 developers, has contributed to the development of this innovative technology. Some of the notable developers in this ecosystem come from companies like Near, Aptos, Arbitrum, Mantle, IO.net, Ritual, data marketplaces, and DeFi analysts.
Nillion emphasizes the importance of elevated standards for data storage and computation in the increasingly complex digital landscape. They believe that secure storage and computation are essential in this “brave new world.”
With this recent funding round, Nillion has now raised more than $50 million in total.
*Please note that this article does not provide investment advice.
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