China News Official Today TheBitTimes.com

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...

In an exciting move towards transparency and community involvement, Coinbase’s layer-2 network, Base, has declared the release of its code repositories and smart contracts to the public. This open-sourcing initiative aims to foster a more diverse and dynamic development environment. As of October 19th, Base is extending a warm welcome to developers, granting them full access to the network’s codebase. By making their work available for all to see, Base intends to enable the community to monitor their progress and ensure their commitment to the project. Base believes that open-source practices create a mutually beneficial landscape for the crypto ecosystem. They acknowledge that when builders have access to a treasure trove of knowledge, they can build upon existing work, inspiring further innovation in the field. The decision to open-source their code is rooted in the desire to provide developers with an unprecedented level of transparency into the project’s develo...