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Secret Network Announces $400 Million In Ecosystem Funding Alongside Substantial New Investment From Leading Firms

Jan 19, 2022•over 3 years ago

Amount Raised

$400 Million

Tel Aviv

Description

SCRT Labs, the core development team behind Secret Network, revealed $400M in ecosystem funding initiatives as part of Shockwave, a massive growth initiative aimed at establishing Secret Network as a critical pillar and data privacy hub for Web3. Secret Network is the first Layer 1 blockchain with privacy-preserving smart contracts, which launched on mainnet in 2020.

Company Information

Company

Secret Network

Location

Tel Aviv, Tel-Aviv District, Israel

About

Secret Network is the first blockchain with data privacy by default for smart contracts, allowing you to build and use applications that are both permissionless and privacy-preserving. This unique functionality protects users, secures applications, and unlocks hundreds of never-before-possible use cases for Web3. First launched on mainnet in February 2020, the network is supported by dozens of independent development companies (including the SCRT Labs core development team), world-class “secret node” operators, and thousands of Secret Agents around the world helping to advance the cause of data privacy for the decentralized web. Website: https://scrt.network Twitter: https://twitter.com/secretnetwork Discord: https://chat.scrt.network

Funding Insights

Based on industry data
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