Mind Network Secures $2.5M: Binance Labs, Other VCs Invest in Web3 Data Security
• Mind Network, a Web3 data security and privacy platform, has secured $2.5 million seed funding from Binance Labs and other VCs.
• The platform uses Zero Trust Security, Zero Knowledge Proof, and Adaptive Fully Homomorphic Encryption techniques to ensure user security and privacy.
• Mind Network has established strategic partnerships with Chainlink, Consensys, Arweave, and other protocols for its growth.
Mind Network Secures $2.5M Seed Funding
Web3 data security and privacy platform Mind Network has closed a $2.5 million seed round that attracted investors such as Binance Labs, Comma3 Ventures, SevenX Ventures, HashKey Capital, Big Brain Holdings, Arweave SCP Ventures and Mandala Capital.
Platform Offers End-to-End Encryption
Mind Network provides users with end-to-end encryption and gives full control over their personal data and financial transactions. It is currently part of the Chainlink BUILD Program as well as the Binance Incubation Program Season 5.
Zero Trust Security Ensures Robust User Protection
The protocol integrates various principles in order to ensure robust user protection like Zero Trust Security, Zero Knowledge Proof, and their proprietary Adaptive Fully Homomorphic Encryption techniques. By using these principles Mind Network ensures that every request is explicitly authenticated before permitting access thus eliminating any vulnerabilities associated with centralized infrastructures.
Strategic Partnerships Facilitate Growth
The project has established strategic partnerships with Chainlink, Consensys, Arweave among others which have enabled it to gain early supporters including global banks & insurance companies as well as dApps facilitating its growth even further.
Investors Show Confidence in Platform
Mason CEO of Mind Network expressed gratitude for the support from investors saying “This funding will enable us to further advance our groundbreaking technology and expedite the adoption of our platform across various industries” . With this funding round now complete it’s clear that many key investors have faith in the potential of this promising project going into the future!