The blockchain security firm will look to support open-source projects building security and
privacy tools and services for Web3.
Blockchain privacy firm Nym Technologies has launched a $300 million funding program aimed at
providing capital to projects building security-focused infrastructure.
The Nym Innovation Fund will draw capital from venture capitalist investors including Polychain,
KR1, Huobi Incubator and Eden Block and will focus on supporting projects building Web3 privacy-focused tools and services.
Nym Technologies CEO and co-founder Harry Halpin said that privacy remains a central cog in
ensuring that a decentralized internet remains resistant to censorship and avoids the pitfalls of Web2:
“This programme will ensure the health of the privacy ecosystem but it will also advance the Web3
industry as a whole, providing mentorship and funding during this difficult macroeconomic climate.”
Halpin told Cointelegraph that prospective projects that apply for funding could receive
investments from Nym’s fund as well as directly from its venture capital backers:
“Nym will review the applicants and determine if & which ones to go to the investors and then
investors will decide of & how much they want to fund.”