Privacy Secure Computing Network Nillion Closes $25 Million Funding Round Led by Hack VC

Nillion, a privacy and secure computing network, has closed a $25 million funding round led by Hack VC, CoinDesk reports. The funding brings Nillion's total funding to more than $50 million, with investors including Hack VC, Distributed Global and HashKey.

According to RootData, Nillion is a decentralized public network based on a new cryptographic primitive called Nil Message Compute (NMC) that allows nodes in a decentralized network to work in a unique, non-blockchain way. Nillion unlocks important new utilities in Web3 by enabling use cases such as decentralized credit scoring, decentralized trusted execution environments, private NFTs, decentralized secure storage services, and more.

As previously reported, in December 2022, Nillion closed a $20 million funding round led by Distributed Global with participation from AU21, Big Brain Holdings, Chapter One, GSR, HashKey, OP Crypto and SALT Fund.