NuLink raises $ 4 million to develop privacy protection technology
Gothenburg, November 29, 2021 NuLink Network, a decentralized solution that enables privacy protection app developers to implement best practices for data protection and seed security, has raised $ 4 million from multiple crypto investors.
Are investors BMW Fund, Brotherhood Invest, ChainLayer, Chateau Crypto, Coincu Ventures, CypherVenture, Exnetwork Money, Glock Capital, Halvings Money, Kangaroo Cash, LD Money, MacLane Wilkison (Founder of NuCypher), Maven Capital, OIG Money, R8 Block Money, R-930 Cash, Regain Ventures, Stacker Ventures, Tokenova, Unanimous Funds, VYSYN Funds, X21 digital, ZBS Funds, Insignius Capital, Bluechips, CSP DAO, MoonWhale and NewTribe Money.
An excellent solution
NuLink provides data protection technology for decentralized applications via API. Its off-site solution enables and makes it easy for developers, start-ups, small businesses and companies to use the power of the blockchain to create their own applications while offering privacy and the best security.
The NuLink platform offers endpoint encryption and cryptographic access control. Sensitive user data can be securely passed from any user platform to the cloud or decentralized storage, and access to this data is automatically granted through policies in encryption, re-proxy or attribute-based encryption.
For user data, on the other hand, zero-knowledge proofs can be used to ensure the availability of secure data. In more advanced data protection use cases, NuLink uses fully homomorphic encryption to customize enterprise-class computing services.
NuLink also provides an infrastructure for multiple application scenarios such as the NFT encrypted transaction marketplace, electronic health record sharing, shared medical data analysis, decentralized digital rights management, prediction of encrypted financial data, privacy friendly social network, and secure credit history retrieval.
“I’m excited to see NuLink bring NuCypher / Threshold proxy re-encryption and other privacy technologies to smart contract platforms beyond Ethereum,” said NuCypher founder MacLane Wilkison. “Cross-chain interoperability is both one of the most difficult technical problems and an enticing whistle in the blockchain space. The NuLink team is well placed to make this dream come true and I look forward to supporting you on this mission. “
Martin Tang, founder of Cypher Ventures, is optimistic about NuLink’s potential. “We can see in the near future that there are a large number of usage scenarios waiting to be explored by the NuLink team,” said Tang.
Co-founder David Jiao says NuLink’s goal is to be smart and scalable. “The NuLink network roadmap is to create an intelligent and scalable software architecture that will take us from the schema of sharing privacy data to computing privacy data,” said Jiao. “The platform will evolve and at the same time develop different use cases for different industries.”
One of the most interesting application scenarios for NuLink’s technology solution is the tokenized non-fungible token (NFT) market.
For example, the NuLink solution enables artists to set up secure private online auctions where potential buyers can virtually view and bid on the artworks for sale. Artists can also create special viewing events for their most dedicated fans or special collectors.
Similarly, NFT owners can securely share access to a particular NFT or their personal collection with anyone they want, and even charge for viewing it.
NuLink co-founder Daniel Nilsson said, “The NFT market is exploding – in the first half of 2021, NFTs reached $ 2.5 billion in sales. “That means there is a great opportunity for new solutions that will take NFT to the next level. Our first goal at NuLink will be to bring technology to the NFT marketplaces to enable private auctions, encrypted and private collections, and interesting use cases. ”
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