NuLink Network Secures $4 Million Investment
NuLink Network, a decentralized platform designed to empower developers of privacy-centric applications with top-notch security practices, has successfully raised $4 million from a diverse group of cryptocurrency investors. Notable participants in this funding round include 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 Solutions for Privacy-Preserving Applications
NuLink offers a unique privacy-preserving technology for decentralized applications through its APIs. This innovative solution simplifies the process for developers, startups, small businesses, and larger enterprises to harness the power of blockchain while ensuring robust security and privacy measures. The NuLink platform features endpoint encryption and cryptographic access controls, allowing for the secure sharing of sensitive user data across various platforms to cloud or decentralized storage. Data access is controlled automatically via policies in proxy re-encryption or attribute-based encryption. Additionally, zero-knowledge proofs can be employed to guarantee the privacy of the data available to users. For more complex privacy-preserving scenarios, NuLink utilizes fully homomorphic encryption to enable customized data computation services for enterprises.
Diverse Applications Across Multiple Sectors
NuLink’s infrastructure supports a variety of application scenarios, including the trading market for encrypted NFTs, secure sharing of electronic health records, collaborative medical data analysis, decentralized digital rights management, predictions based on encrypted financial data, privacy-focused social networking, and secure credit history inquiries, among others.
Support from Industry Leaders
MacLane Wilkison, the founder of NuCypher, expressed enthusiasm for NuLink’s potential to extend its privacy-preserving technologies, such as proxy re-encryption, to smart contract platforms beyond Ethereum. “The challenge of achieving cross-chain interoperability is one of the toughest yet most enticing problems in the blockchain realm. The NuLink team is strategically positioned to turn this vision into reality, and I’m eager to support their journey,” he stated.
Optimism for Future Use Cases
Martin Tang, the founder of Cypher Ventures, shared his positive outlook on NuLink’s prospects. “We anticipate a plethora of use cases that the NuLink team will explore in the near future,” Tang noted. Co-founder David Jiao emphasized the network’s ambition to develop a smart and scalable architecture. “Our roadmap aims to transition from the current privacy data sharing mechanisms to a more advanced privacy data computing framework,” Jiao explained. “The platform is designed to evolve while catering to various industry needs.”
Encrypted NFTs: A New Frontier
One of the most promising applications of NuLink’s technology is within the encrypted non-fungible token (NFT) trading market. For example, the NuLink solution enables artists to host secure online private auctions, allowing potential buyers to view and bid on art pieces in a secure environment. Artists can also hold exclusive viewing events for dedicated fans or collectors. NFT owners will have the capability to securely share access to specific NFTs or their private collections with chosen individuals, even implementing a fee for viewing. “The NFT market is thriving—sales reached $2.5 billion in the first half of 2021,” highlighted NuLink co-founder Daniel Nilsson. “This indicates a significant opportunity for innovative solutions to elevate NFTs further. Our primary objective at NuLink will be to equip NFT marketplaces with technology that supports private auctions, encrypted collections, and novel use cases for encrypted NFTs.”
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