NuLink Network Secures $4 Million Funding for Privacy Solutions
NuLink Network, a decentralized platform focused on enabling developers to create privacy-conscious applications, has successfully raised $4 million from various cryptocurrency investors. Among the notable investors are BMW Capital, Brotherhood Investment, ChainLayer, Chateau Crypto, Coincu Ventures, CypherVenture, Exnetwork Capital, Glock Capital, Halvings Capital, Kangaroo Capital, LD Capital, MacLane Wilkison (the founder of NuCypher), Maven Capital, OIG Capital, R8 Block Capital, R-930 Capital, Regain Ventures, Stacker Ventures, Tokenova, Unanimous Capital, VYSYN Capital, X21 Digital, ZBS Capital, Insignius Capital, Bluechips, CSP DAO, Moonwhale, and NEWTRIBE Capital.
Innovative Privacy Technology for Developers
NuLink offers a comprehensive solution that incorporates privacy-focused technology for decentralized applications through its APIs. This plug-and-play solution simplifies the integration process for developers, startups, small enterprises, and larger corporations, allowing them to harness blockchain capabilities while maintaining top-tier security and privacy standards. The NuLink platform features endpoint encryption and robust cryptographic access control, enabling secure data sharing from users to cloud or decentralized storage. Access is managed automatically based on policies using Proxy Re-Encryption or Attribute-Based Encryption. Additionally, Zero-Knowledge Proof can be employed to ensure the privacy of the data accessible to the intended user. For more complex privacy requirements, NuLink utilizes Fully Homomorphic Encryption to facilitate customized data computation services for enterprises.
Versatile Applications Across Industries
NuLink’s infrastructure supports a variety of application scenarios, including encrypted NFT trading, sharing electronic health records, collaborative medical data analytics, decentralized digital rights management, predictive financial data analysis, privacy-oriented social networking, and secure credit history inquiries.
Optimistic Outlook from Investors
MacLane Wilkison, founder of NuCypher, expressed his enthusiasm for NuLink’s potential to integrate proxy re-encryption and other privacy-enhancing technologies into smart contract platforms beyond Ethereum. He highlighted cross-chain interoperability as a significant challenge and enticing opportunity within the blockchain sector, affirming that the NuLink team is well-equipped to turn this vision into reality. Martin Tang, founder of Cypher Ventures, shared a positive outlook on NuLink’s future, noting the vast array of potential use cases awaiting exploration by the team.
Vision for Scalable Privacy Solutions
David Jiao, co-founder of NuLink, emphasized the network’s goal of creating a smart and scalable architecture. He outlined the roadmap for NuLink as a journey from current privacy data sharing methods to advanced privacy data computing, indicating an evolution that will cater to various industries and their specific requirements.
Encrypted NFTs: A Game Changer
One of the most promising applications for NuLink’s technology lies in the encrypted NFT trading market. Their solution enables artists to organize secure online private auctions where potential buyers can virtually inspect and bid on art pieces. Artists can also host special viewing events for select fans or collectors. Furthermore, NFT owners will have the ability to securely grant access to specific NFTs or their private collections, even monetizing this access through viewing fees. Daniel Nilsson, NuLink co-founder and CEO of Up Strategy Lab, noted the explosive growth of the NFT market, which saw $2.5 billion in sales during the first half of 2021, indicating a significant opportunity for innovative solutions to enhance the NFT experience.
Official Communication Channels
Website: www.nulink.org
Discord: discord.com/invite/25CQFUuwJS
Telegram chat: t.me/NuLink2021
Twitter: twitter.com/NuLink_
Press contact: David Yin JIAO +46 72-970 75 73 market@nulink.org
