{"id":441413,"date":"2022-05-03T21:30:00","date_gmt":"2022-05-03T18:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/nym-technologies-raises-300m-to-advance-internet-privacy-sending-token-price-up\/"},"modified":"2022-05-03T21:30:00","modified_gmt":"2022-05-03T18:30:00","slug":"nym-technologies-raises-300m-to-advance-internet-privacy-sending-token-price-up","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/nym-technologies-raises-300m-to-advance-internet-privacy-sending-token-price-up\/","title":{"rendered":"# Nym Technologies raises $300M to advance internet privacy, sending token price up"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a40b1d58d89e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a40b1d58d89e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/nym-technologies-raises-300m-to-advance-internet-privacy-sending-token-price-up\/#%E2%80%9D_Nym_Technologies_raises_300M_to_advance_internet_privacy_sending_token_price_up_%E2%80%9C\" >&#8221; Nym Technologies raises $300M to advance internet privacy, sending token price up &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Nym_Technologies_raises_300M_to_advance_internet_privacy_sending_token_price_up_%E2%80%9C\"><\/span>&#8221; Nym Technologies raises $300M to advance internet privacy, sending token price up &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvMzdiNWI2YjEtZWE5OS00ZTFhLWE5NjgtNGYyMTZiNmFkZDYyLmpwZWc=.jpeg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Swiss privacy startup Nym Technologies announced it has secured $300 million in commitments from venture capital partners in support of the NYM Innovation Fund. Nym intends to issue grants to developers and incentivize them to build on top of Nym&#8217;s decentralized infrastructure. This funding comes a couple of weeks after its native token NYM launched on major crypto exchanges, including OKX and Huobi.\u00a0<\/p>\n<p>At the time of publication, the NYM token <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/nym\/\">traded<\/a>\u00a0at an average price of $0.92, and its 24-hour trading volume has witnessed a spike since the fund&#8217;s announcement. The day that NYM was first listed on April 14, National Security Agency whistleblower<em> <\/em>Edward Snowden <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/youtu.be\/YnyscVTygOs\">addressed<\/a>\u00a0attendees at the token launch event in Paris, where he attributed contemporary internet privacy problems to the decisions of antiquated 1970s computer networks.<\/p>\n<p>Nym hosts mixnets, or systems of network protocols that obscure individuals&#8217; metadata footprints and protects <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications, as well as their coins and wallets, against mass surveillance. Applications built on Nym work to improve upon third-party privacy services offered on virtual private networks (VPNs) and Tor.<\/p>\n<p>The Nym Innovation Fund investors include Andreessen Horowitz, Polychain, Greenfield One, Huobi Incubator, Tioga Capital, Eden Block, NGC Ventures, HashKey Capital, Figment, Fenbushi Capital, Tayssir Capital, KR1, Lemniscap, and new backers\u00a0OKX Blockdream Ventures.<\/p>\n<p>The company <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/nymproject\/status\/1521080052607242240?s=20&amp;t=b_-n-vqYzkcf3agocNMImQ\">tweeted<\/a> that the venture capitalists &#8220;from our previous rounds are doubling down on their support&#8221; of Nym at a time when &#8220;everyone is terrified of VCs &#8220;dumping&#8221; on projects.&#8221;\u00a0<\/p>\n<p>Among the first grant winners for Nym Innovation Fund are the Tails software, used by Snowden to leak NSA secrets, as well as university researcher Carmela Troncoso&#8217;s privacy-enhanced COVID contract tracing system and Daniel J. Bernstein, tasked with speeding up Nym&#8217;s\u00a0cryptographic packet format called Sphinx that powers both the Lightning Network and Nym.<\/p>\n<p>The first round of grants aims to &#8220;improve privacy on the Internet for the common good,&#8221; according to the company. The Nym Foundation was also created with plans to issue an open call for additional applicants and proposals.<\/p>\n<p><strong><em>Related:\u00a0Nym Technologies raises $13M to develop surveillance-evasion platform<\/em><\/strong><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The only way to protect privacy in the Metaverse is by taking a fully decentralized approach, argues <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/colinpape?ref_src=twsrc%5Etfw\">@colinpape<\/a> https:\/\/t.co\/fzNP9LP4ym<\/p>\n<p>\u2014 Cointelegraph (@Cointelegraph) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Cointelegraph\/status\/1495447543597068291?ref_src=twsrc%5Etfw\">February 20, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Harry Halpin, CEO of Nym Technologies, stated the Innovation Fund represents &#8220;a drop in the ocean compared to the endless amounts of cash possessed by vested interests at Silicon Valley companies and nation-states that benefit from mass surveillance.&#8221; He also exclusively told Cointelegraph that the funds will go towards the best academics in the world:<\/p>\n<blockquote><p>&#8220;Cryptocurrency originally had a vision of defending the privacy of ordinary people, but U.S. government funding has historically ignored privacy in favor of NSA mass surveillance. Up until recently, VCs have funded privacy-invasive advertising business models by companies like <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Facebook<\/a>,&#8221; said Halpin.<\/p><\/blockquote>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/nym-technologies-raises-300m-to-advance-internet-privacy-sending-token-price-up\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Nym Technologies raises $300M to advance internet privacy, sending token price up &#8220; Swiss privacy startup Nym Technologies announced it has secured $300 million in commitments from venture capital partners in support of the NYM Innovation Fund. Nym intends to issue grants to developers and incentivize them to build on top of Nym&#8217;s decentralized&#8230;<\/p>\n","protected":false},"author":1,"featured_media":441414,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvMzdiNWI2YjEtZWE5OS00ZTFhLWE5NjgtNGYyMTZiNmFkZDYyLmpwZWc=.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[15047,75719,83463,98662,117,73821,48,73711,74151],"class_list":["post-441413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-privacy","tag-funding","tag-tor","tag-vpn","tag-business","tag-developers","tag-internet","tag-investments","tag-switzerland"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/441413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=441413"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/441413\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/441414"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=441413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=441413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=441413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}