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Privacy-Centric Powerhouse Secures $25 Million Backing from Three Notable Altcoins!
Privacy-Centric Powerhouse Secures $25 Million Backing from Three Notable Altcoins!
Author:
Elif Azra Güven
30.10.2024 – 15:47
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The privacy-centric blockchain initiative Nillion has successfully raised $25 million, spearheaded by Hack VC, with contributions from prominent altcoins including Arbitrum (ARB), Worldcoin (WLD), and Sei, aimed at enhancing its decentralized privacy offerings.
Nillion Network emphasizes its mission to develop solutions for projects operating at the nexus of blockchain technology and artificial intelligence, where secure data sharing and storage are paramount. The company highlights its innovative approach centered around “blind computing,” enabling data processing without exposing sensitive details, thereby underscoring its commitment to privacy.
Claiming the title of the creator of the world’s first “Blind Computer,” Nillion revealed that its ecosystem boasts over 40 developers within the Cosmos network. This collaborative group includes talents from Near, Aptos, Arbitrum, Mantle, IO.net, and Ritual, as well as experts in data marketplaces and decentralized finance (DeFi).
“To address the growing demand for secure data storage and computation in this emerging landscape, we must uphold rigorous standards for data integrity,” stated Nillion in its announcement.
To date, Nillion has amassed over $50 million in total funding.
*This should not be construed as investment advice.
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