Nym announces first round of grants from Nym Innovation Fund
Three deserving teams will receive funding to advance their projects and further the Nym mission of privacy for all humanity.
The very first grant winners from the Nym Innovation Fund have been announced! Congratulations to the three successful teams whose deserving projects will use the Nym mixnet to boost privacy on their platforms. The winners are:
- StarShell: a privacy-preserving wallet for the Secret Network
- Nodies DLB: for privacy-enhanced RPC networks
- PasteNym by NoTrustVerify: for private text drops
These excellent projects will show off the powerful plug-and-play utility of integrating the mixnet for end-to-end privacy protections.
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Scroll down for a deeper dive on the three successful proposals.
Officially opening in October 2023, the Innovation Fund is designed to boost the health of the overall privacy ecosystem, by connecting promising projects to the venture capitalists who back Nym.
These deserving projects advance Nym’s mission of providing privacy for all humanity.
Here’s a closer look at the successful proposals:
StarShell
Grant amount: $30,000USD
A fully open source, privacy-first, Web3 wallet built for the Cosmos ecosystem, StarShell first launched on the Secret Network and subsequently was released on other Cosmos chains. With this grant, StarShell will allow users to route wallet RPC requests through the Nym mixnet, bringing metadata protection and robust privacy guarantees to end users. The wallet will include real-time metrics and visualizations based on mixnet activity. A new API will allow web applications to route all chain-directed traffic through the mixnet via the wallet.
Nodies DLB
Grant amount: $30,000USD
Nodies DLB is a managed infrastructure provider for centralized and decentralized remote procedure call (RPC) nodes, which enable communication between applications and blockchain networks. Nodies DLB gives its clients access to thousands of decentralized nodes while maintaining best-in-class security and performance standards. However, there is currently a scarcity of decentralized privacy-preserving RPC solutions. Nodies DLB proposes integrating its software with the Nym mixnet to bring end-to-end privacy protections to its assets including advanced metadata protection.
Pastenym by No Trust Verify
Grant amount: $3,000USD
Pastenym is a text-sharing service proposed by long-time Nym community contributors and node operators, No Trust Verify. In the manner of Pastebin, Pastenym is an online text-drop but with added privacy protections for its users via the mixnet, encrypting their data as well as their metadata when text is shared.
Congratulations again to these successful teams!
The Nym Innovation Fund remains open for submissions.
As these projects mature over the next quarter, we will introduce them to the venture funds that have pledged to support the Nym Innovation Fund. In addition, we’re hoping to onboard existing mature projects with their own plans for growth using Nym that can attract venture capital funding. Proposals with a business plan, a unique market proposition, and that are mature enough for seed investment will receive priority.
In addition to opening a pipeline to respected VCs, Nym will mentor successful teams to further refine their proposals.
With the VPN market alone projected to be worth $151bn by 2030, there’s enormous market potential for an entire ecosystem that actually respects people’s right to privacy online.
People are fed up with the surveillance capitalism model of web 2.0. So if you’ve got a winning idea, submit your pitch deck to the Innovation Fund and have Nym help you bring it to life.
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