Nym Technologies Unveils $300M Fund with a16z Support

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The CEO of Nym Technologies, Harry Halpin, has announced the launch of an Innovation Fund program with the goal of supporting developers of privacy-focused solutions for the decentralized web.

The initiative was announced in May 2022 and has received $300 million in investments from major venture capital firms, such as Andreessen Horowitz, Polychain Capital, Greenfield, and more.

According to Halpin, the main focus of the fund is to make it easier for non-expert developers to integrate with Nym’s platform, and any zero-knowledge project is encouraged to do so.

While the fund is open to all crypto startups, priority will be given to open source projects that prioritize user privacy.