Fhenix, billed as the world’s first confidential blockchain, has announced the completion of a $7M seed round that’s attracted several of the industry’s best known VCs. Multicoin Capital and Collider Ventures led the round, which also saw participation from the likes of Node Capital, Bankless, HackVC, TaneLabs, Metaplanet, and Robot Ventures. The raise, arriving during a challenging period for web3 startups, attests to Fhenix’s team, tech and vision in harnessing fully homomorphic encryption (FHE).
Private Data Without the Privacy Concerns
Fhenix is at the vanguard of a wave of web3 startups building highly scalable networks that can compute data and deliver the results onchain, Utilizing smart contracts, vast databases can be analyzed and the results delivered to decentralized applications (dapps) for such purposes as authentication, financial markets, and medical research. The challenge has been in allowing this data to be computed without the risk of sensitive information be
We współpracy z: https://cryptodaily.co.uk/2023/09/fhenix-raises-7m-to-create-confidential-blockchain-for-encrypted-data
