PANews reported on September 20 that according to official news, the general FHE protocol octra announced the completion of a $4 million Pre-Seed round of financing, led by Finality Capital, with participation from Big Brain Holdings, Karatage, Presto, Builder Capital, etc. In addition, octra announced that it has released a public WASM sandbox to demonstrate the efficiency of hypergraph in FHE.

According to reports, Octra's architecture is based on "circles", an independent execution environment, which is simply a personal cloud with optional and programmable privacy. Within circles, developers can build backend logic of any complexity for web2 and web3 applications. Coupled with the custom consensus using ML for node selection and the combination of PoW and PoS, the network provides security for personal data. Developer documentation and templates will be released during the testnet phase (Q4 2024). Octra is in the final stages of development, and the mainnet is expected to be launched sometime next year. Prior to this, the focus will be on papers, documentation, testnets, sandboxes, libraries for multiple ecosystems, and upcoming bug bounties for developers and cryptographers.