Holpop News

Swiss privacy startup that protects online activity from surveillance with a mixnet Nym Technologies unveiled a new $300 million fund to attract developers to its ecosystem.
Fund sponsors include Polychain, Greenfield One, Huobi Incubator, Tioga Capital, Eden Block, NGC Ventures, HashKey Capital, Figment, Fenbushi Capital, OKX Blockdream Ventures, Tayssir Capital, KR1, Lemniscap and Andreessen Horowitz (a16z).
According to Nym CEO Harry Halpin, grants under the program will range from about $50,000 to several million dollars.
The Nym platform has a potentially wide range of uses – not all of them in cryptocurrency. For example, messaging app Signal could use it to encrypt communication-related packets.
The launch of the Nym Innovation Fund came just weeks after Nym launched its token on a number of exchanges, including OKX and Huobi. Privacy advocate Edward Snowden spoke at the launch.