🎉 Mind Network has just secured $10.00M in its latest funding round! 🎉
🔹About: Mind Network leverages a patented Adaptive Fully Homomorphic Encryption (FHE) framework to secure user data, smart contracts, and AI on Web3. It functions as a decentralized privacy-preserving data lake, offering encrypted high-performance pay-as-you-go data storage and computation. The project aims to enhance security and privacy in AI and Proof-of-Stake (POS) networks by introducing an FHE restaking layer. This layer accepts restaking tokens from major cryptocurrencies like ETH and BTC, ensuring consensus, data, and cryptoeconomic security. Mind Network addresses key challenges such as consensus security, data protection, and crypto-economic stability. It provides a marketplace for restaking tokens, allowing networks to diversify risk and enhance security. The project has garnered significant attention and funding, including a recent $10 million Pre-Series A round. By integrating advanced encryption technologies, Mind Network aims to revolutionize the way data and AI are secured in decentralized environments. 🚀🌐
🔹 Lead Investors: Binance Labs, HashKey Capital, Animoca Brands, Big Brain Holdings and many more.
🔹 Total Raised: $12.50M.
🔹 Project Category: DeFi, Restaking For AI & PoS.
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