{"id":86148,"date":"2023-10-24T16:11:41","date_gmt":"2023-10-24T13:11:41","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=86148"},"modified":"2025-09-13T03:40:26","modified_gmt":"2025-09-13T00:40:26","slug":"nym-technologies-launches-300-million-fund-with-backing-from-a16z","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/nym-technologies-launches-300-million-fund-with-backing-from-a16z\/","title":{"rendered":"Nym Technologies launches $300 million fund with backing from a16z"},"content":{"rendered":"

Nym Technologies, a provider of privacy-oriented blockchain infrastructure, has launched the Innovation Fund<\/a> programme aimed at supporting Web3<\/a>-developers.<\/p>\n

The initiative announced in May 2022<\/a> was supported by major venture firms, including Andreessen Horowitz (a16z), Polychain Capital, Greenfield, Huobi Incubator, Eden Block, HashKey Capital, Figment, Fenbushi Capital, OKX Blockdream Ventures, KR1 and Lemniscap.<\/p>\n

Investors have committed a total of $300 million through direct investments.<\/p>\n

\n

\u00abWe believe that ordinary developers who are not privacy experts should have an easy way to integrate with Nym. Any project with zero disclosure<\/a> definitely should do this\u00bb, said the company’s chief executive, Harry Halpin.<\/p>\n<\/blockquote>\n

Any crypto startup can receive support from the Innovation Fund, but priority is given to open-source projects that aim to enhance user privacy.<\/p>\n

The company is currently seeking teams working on crypto-wallets, RPC<\/span> and ‘Nym ecosystem services that are useful’. Grants will range from $50,000 to several million dollars. Applications began as early as November last year.<\/p>\n

Founded in 2018, the startup Nym provides infrastructure to ensure personal data privacy. The nodes of the decentralized open-source platform (a mixnet) ‘mix’ users’ traffic, preventing metadata disclosure. For this, they are rewarded in the native NYM tokens.<\/p>\n

As of writing, the coin is trading at $0.122, up 15% over the past 24 hours on the news of the fund launch.<\/p>\n

\\\"Nym
15-minute NYM\/USDT chart on OKX. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

In November 2021, Nym Technologies raised $13 million<\/a> from a16z and other investors at a $270 million valuation.<\/p>\n

Later, the project welcomed<\/a> WikiLeaks informant Chelsea Manning as a security adviser.<\/p>\n","protected":false},"excerpt":{"rendered":"

The privacy-focused blockchain infrastructure provider Nym Technologies has launched the Innovation Fund programme aimed at supporting Web3 developers.<\/p>\n","protected":false},"author":1,"featured_media":86149,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1285,1938],"class_list":["post-86148","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-funds","tag-nym-technologies"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=86148"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86148\/revisions"}],"predecessor-version":[{"id":86150,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/86148\/revisions\/86150"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/86149"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=86148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=86148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=86148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}