Moonhill Capital invests in Mind Network
Mind Network is pioneering FHE for a Fully Encrypted Web3. Innovating FHE to empower end-to-end encryption for the whole industry, starting with AI.
OVERVIEW
Mind Network is pioneering the development of a quantum-resistant, fully encrypted web through the implementation of the Zero Trust Internet Transfer Protocol (HTTPZ). By leveraging Fully Homomorphic Encryption (FHE), Mind Network enables computations on encrypted data without the need for decryption, ensuring end-to-end privacy and security across digital interactions. This innovative approach is particularly significant in safeguarding AI computations, modular blockchain operations, gaming environments, asset management, and decentralized physical infrastructure networks (DePIN).
In September 2024, Mind Network secured $10 million in a Pre-A funding round led by prominent investors including Animoca Brands, ArkStream Capital, and SwissBorg Ventures. This investment underscores the growing confidence in Mind Network's mission to enhance data security and privacy in the Web3 ecosystem.
Mind Network's infrastructure is built upon several key components:
- MindChain: The first FHE-powered blockchain designed to provide secure computation for AI agents, ensuring data privacy and integrity.
- MindV: An FHE-secured data and voting consensus mechanism that transforms traditional HTTP protocols into HTTPZ, facilitating a zero-trust internet environment.
- FHE Bridge: A solution ensuring FHE-secured interoperability, enabling seamless and secure cross-chain transactions.
These components collectively aim to establish a fully encrypted infrastructure, promoting digital sovereignty and robust security in the evolving digital landscape.
KEY FEATURES
Fully Homomorphic Encryption (FHE): Enables computations on encrypted data without decryption, maintaining data confidentiality throughout processing.
HTTPZ Protocol: Upgrades traditional HTTPS to a zero-trust model, ensuring end-to-end encryption and enhanced security for internet data transfers.
MindV Consensus Mechanism: Introduces an FHE-based voting system to enhance consensus security for AI and Proof-of-Stake networks, decoupling staking assets from voting rights to promote fairness and security.
Strategic Partnerships: Collaborations with industry leaders such as Chainlink, Zama, and SingularityNET to integrate advanced encryption technologies and expand the ecosystem's capabilities.
CitizenZ Advocate Program: A community initiative aimed at redefining digital citizenship in the HTTPZ era, empowering individuals to protect their digital sovereignty through FHE.
