Fhenix, an Ethereum-based blockchain, secured a $7 million seed funding round led by Multicoin Capital and Collider Ventures, with support from Bankless, Node Capital, and HackVC. The funds will fuel the network’s public testnet launch in early 2023. Fhenix prioritizes privacy by employing fully homomorphic encryption (FHE), enabling computations on encrypted data, enhancing privacy in blockchain transactions and smart contracts.
Privacy-Focused Blockchain Raises $7 Million Led By Multicoin Capital
