Privacy firm Nym launches $300M fund, eyes Web3 wallets, RPCs & infrastructure services
The blockchain security firm will look to support open-source projects building security and privacy tools and services for Web3. Blockchain privacy firm Nym Technologies has launch ed a $300 million funding program aimed at providing capital to projects building security-focused infrastructure . The Nym Innovation Fund will draw capital from venture capitalist investors including Polychain, KR1, Huobi Incubator and Eden Block and will focus on supporting projects building Web3 privacy-focused tools and services. Nym Technologies CEO and co-founder Harry Halpin said that privacy remains a central cog in ensuring that a decentralized internet remains resistant to censorship and avoids the pitfalls of Web2: “This programme will ensure the health of the privacy ecosystem but it will also advance the Web3 industry as a whole, providing mentorship and funding during this difficult macroeconomic climate.” Halpin told Cointelegraph that prospective projects that apply for funding could recei...