Nillion Secures $25 Million in Funding on October 30, 2024

According to media reports, the privacy computing network project Nillion secured $25 million in funding on October 30, 2024. The investment was led by Hack VC, HashKey Capital, Maelstrom Capital, Animoca Brands, Manifold Trading, The Rollup, FOMO Ventures, Ansem, Jordi Alexander, Fiskantes, and other prominent institutions and investors.Nillion is a computing network that integrates multiple privacy protection technologies, including non-interactive multi-party computation (MPC), trusted execution environment (TEE), and decentralized secure storage. By segmenting and encrypting data for storage and enabling parallel computation without communication, Nillion achieves an organic combination of data privacy protection and high-performance processing. The project has broad application prospects across Web3 identity authentication, privacy finance, AI model training, and other fields, helping to fully unlock the value of data.Subsequently, Nillion achieved a series of significant milestones in 2025. The project officially launched its mainnet on March 24, with the NIL token simultaneously open for trading. Leading exchanges such as Binance and Bithumb soon listed NIL, further expanding the project's influence. Additionally, on October 1, Nillion introduced an extension from blind computation to general computation, marking a further enhancement of the project's technical capabilities. These milestones demonstrate strong market recognition of the privacy computing sector and underscore Nillion’s important position in building privacy computing infrastructure.