Nym Technologies Attracts $300M in Crypto Fund Commitments for Privacy Infrastructure

Crypto venture firms have committed more than $300 million to privacy technology maker Nym Technologies through its Innovation Fund, developers shared with CoinDesk today. The fund will provide capital to crypto builders, developers and communities with a focus on privacy, which aims to prioritize users' anonymity during financial activities. It has received commitments from investors such as Polychain, KR1, Huobi Incubator and Eden Block, among others. The program will open for applications in November, and the initial focus for applications will be crypto wallets, remote procedure calls (RPCs) and essential resources, tools, infrastructure and initiatives that benefit the broader ecosystem.

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