NuLink Raises $4M to Develop Privacy-Preserving Technology

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Nov 29, 2021 09:00 CET

NuLink community, a decentralized solution that allows privateness-preserving purposes developers to employ ideal techniques and finest-of-breed stability and privateness, has raised $4 million from a number of crypto buyers.

The traders are: BMW Capital, Brotherhood Financial commitment, ChainLayerChateau Crypto, Coincu Ventures, CypherVenture,  Exnetwork Money, Glock Cash, Halvings Money,  Kangaroo Capital, LD Capital,  MacLane Wilkison (NuCypher’s Founder), Maven Money, OIG Funds, R8 Block Money, R-930 Money, Get back Ventures, Stacker Ventures, Tokenova, Unanimous Money,  VYSYN Capital, X21 Digital, ZBS Capital, Insignius capital, Bluechips, CSP DAO , Moonwhale, NEWTRIBE funds.

An out-of-the-box option

NuLink offers privateness-preserving technology for decentralized apps by means of APIs. Its out-of-the-box option enables and tends to make it easy for builders, startups, smaller firms and enterprises to use the electrical power of the blockchain to create their possess programs and however provide best-in-course stability and privateness.

The NuLink platform offers endpoint encryption and cryptographic access management. Delicate user facts can be securely shared from any consumer system to cloud or decentralized storage, and obtain to that facts is granted quickly by plan in Proxy Re-Encryption or Attribute-Based Encryption.

For the info consumer on the other side, Zero-Awareness Proof can be made use of to be certain the privacy knowledge availability. In a lot more highly developed privateness preserving use circumstances, NuLink makes use of Completely Homomorphic Encryption to personalize company-stage knowledge computation solutions. 

NuLink also provides the infrastructure for several software eventualities these types of as the encrypted NFTs buying and selling market place, digital wellness data sharing, joint clinical facts investigation, decentralized electronic legal rights administration, economical encrypted data prediction, privacy-preserving social network, safe inquiry of credit heritage, and many others.

“I am excited to see NuLink provide NuCypher/Threshold’s proxy re-encryption and other privacy-preserving technologies to smart agreement platforms further than Ethereum,” explained NuCypher founder MacLane Wilkison. “Cross-chain interoperability is each a person of the hardest specialized troubles and alluring siren calls in the blockchain house. The NuLink crew is effectively-positioned to execute on earning this dream a reality, and I’m delighted to support them in that quest.”

Martin Tang, founder of Cypher Ventures, explained he was optimistic about NuLink’s prospective. “We can see in the in the vicinity of upcoming that there will be a large sum of use situations waiting to be explored by the NuLink crew,” claimed Tang.

Co-founder David Jiao explained NuLink’s aim was to be clever and scalable. “The roadmap of the NuLink network is to generate a intelligent and scalable software package architecture that requires us from the present-day privateness information sharing scheme to privateness info computing,” stated Jiao. “The system will evolve while creating distinctive use scenarios for different industries.”

Encrypted NFT

1 of the most interesting use scenarios for NuLink’s know-how alternative is in the encrypted NFTs trading current market.

For occasion, the NuLink answer would make it achievable for artists to established up safe on-line non-public auctions exactly where likely consumers can just about see and bid for the art parts on sale. The artist could also make distinctive viewing activities for their most dedicated admirers or distinctive collectors.

Similarly, NFT homeowners will be equipped to securely share access to a unique NFT or their non-public assortment with whomever they motivation, and even demand a viewing rate.

“The NFT market place is booming – in the initially 50 percent of 2021, NFTs saw $2.5 billion in revenue,” said NuLink co-founder and CEO of Up Technique Lab Daniel Nilsson. “This indicates there is a fantastic prospect for new methods that just take NFTs to the next degree. At NuLink our to start with aim will be to supply technological innovation for NFT marketplaces to aid personal auctions, encrypted and non-public collections, and entirely new exciting use scenarios for encrypted NFTs.”

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Resource: NuLink

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