Nym Technologies has launched their Innovation Fund program, backed by their venture capital investors, with up to $300 million in funding available for Web3 creators, developers, communities, and privacy proponents. The program is designed to provide direct pitches to individuals and groups with a commitment to developing privacy solutions using Nym’s tech stack. In addition, the Nym Grants program also brings a range of opportunities, including funding, developer support, mentorship, marketing expertise, community involvement, connections to venture capitalists, and expert operational guidance. Projects chosen through the Grants program may also be eligible for increased exposure and investment from the Nym Innovation Fund.
This news comes hot on the heels of Nym Technologies publishing a revamped road map, which includes the introduction of Nym VPN, a decentralized service expected to make network communication even more private. These include private payments, which, according to Nym, will support “everything from credit cards to Bitcoin, and convert these via NYM tokens to anonymous credentials for the mixnet—meaning a steady stream of NYM tokens circulating through the ecosystem.”
Nym looks to the future with the Innovation Fund program and the Nym Grants program, providing vital financial assistance for projects to grow and succeed. Through hackathons and accelerator programs, Nym will organize various events designed for groups of participants.
You can read more about this topic here: Decrypt: Andreessen Horowitz Backs Nym’s $300M Privacy-Centric ‘Innovation Fund’