On September 29, the fully homomorphic encryption re-staking layer Mind Network recently announced the completion of a US$10 million Pre-A round of financing. Animoca Brands, Arkstream Capital, Cogitent Ventures, G Ventures, MH Ventures, Master Ventures, Moonhill Capital, SwissBorg Ventures, IBC Group, ether.fi CEO Mike Silagadze, crypto KOL Mario Nawfal, Mr Block, Kyle Chassé and other angel investors participated in the investment.
Mind Network plans to use the new funding to expand its business by integrating more staking protocols and continue to release supporting infrastructure. Users holding staked assets from partner protocols can redeem vFHE on Mind Network and participate in FHE voting.