Mind Network is the first tokenized startup to bring an FHE product to the market, applying the long-awaited ‘Holy Grail of Encryption’ to Web3. It has announced the launch of its Fully Homomorphic Encryption based Zero Trust Layer testnet.
Mind Network combines Fully Homomorphic Encryption with Stealth Address Protocol (FHE DK-SAP) to achieve private and secure value transfers, solving two problems simultaneously: 1.) the need for privacy with Web3 data and 2.) the security protocol necessary for Web2 and traditional finance to enter web3 while remaining compliant with regulators.
For this innovation, Mind Network received an Ethereum Grant and won the EthSingapore Hackathon. Mind Network’s investors include Binance Labs, Hashkey, Comma3, SevenX and other notable investors. It is incubated through Binance incubation session 5, Chainlink BUILD, Ethereum Fellowship Program and Consensys Startup School.
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