Privacy-focused blockchain project Nillion has raised $25 million led by Hack VC, with support from Arbitrum (ARB), Worldcoin (WLD), and Sei to expand its decentralized privacy solutions.
Nillion Network states that it is working to find solutions for projects at the intersection of blockchain and artificial intelligence, where large amounts of data need to be shared and stored securely. Nillion also states that they have built their services around the concept of “blind computing”, which allows data to be processed without the need to disclose sensitive information, and that they attach importance to privacy.
Nillion, who claims to have built the world's first “Blind Computer,” said in a statement that there are more than 40 developers in the ecosystem in Cosmos. These include developers from Near, Aptos, Arbitrum, Mantle, IO.net and Ritual, data marketplaces, and DeFi analysts.
“To meet the increasing needs for secure storage and computation in this brave new world, it is imperative that data is held to elevated standards,” Nillion said in a statement.
Nillion has raised more than $50 million in total to date.
*This is not investment advice.
Continue Reading: Privacy-Focused Giant Raises $25 Million With Participation of Three Popular Altcoins!
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