Nym Technologies Launches Funds for Web3 Privacy Projects
Nym Technologies has unveiled the Nym Innovation Fund, a $300 million program endowed by venture capitalists like Polychain, KR1, Huobi Incubator, and Eden Block. The fund will back projects rapt on building
Web3 privacy tools and services. Harry Halpin, Nym's co-founder and CEO, emphasised the importance of privacy in safeguarding a decentralised internet from censorship and pitfalls. The fund will bear projects such as Web3
wallets, RPC protocols, and public good services. It will also be harmonised by the Nym Grants program, providing additional funding, mentorship, and support to developers and entrepreneurs within the Nym ecosystem. The program starts in November 2023
