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Ethereum L2 Fhenix Completes $15 Million Series A Funding, Led by Hack VC

Ethereum L2 Fhenix Completes $15 Million Series A Funding, Led by Hack VC

CointimeCointime2024/06/05 02:34
By:Cointime

According to The Block, Ethereum L2 Fhenix has announced the completion of a $15 million Series A financing round, led by Hack VC and with participation from Dao5, Amber Group, Primitive Ventures, GSR, Collider Ventures, and Stake Capital. The company has now raised a total of $22 million. Fhenix has announced the launch of its open test network, called Helium (originally planned to be named Renaissance), which allows developers to deploy "confidential" smart contracts on the Fhenix Layer 2 network. Also, according to the Web3 asset data platform RootData, Fhenix is the first blockchain driven entirely by homomorphic encryption. Using fhEVM, Fhenix enables Ethereum developers to seamlessly build encrypted smart contracts and execute data encryption calculations, while using Solidity and other familiar and easy-to-use tools.

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