Privacy startup Nym brings in outside backers for $300 million developer fund

Nym Technologies, a Swiss privacy startup that shields online activity from surveillance using a mixnet, today unveiled a new $300 million fund to entice developers to its ecosystem.
The Nym Innovation Fund has secured $300 million in commitments from a range of venture capital investors, according to an announcement shared exclusively with The Block. Those backers include Polychain, Greenfield One, Huobi Incubator, Tioga Capital, Eden Block, NGC Ventures, HashKey Capital, Figment, Fenbushi Capital, OKX Blockdream Ventures, Tayssir Capital, KR1, Lemniscap and Andreessen Horowitz (a16z).
Grants under the program will range from roughly $50,000 to several million dollars, according to Nym’s CEO, Harry Halpin. Nym has not taken in the full $300 million up front, but instead plans to draw on the commitments it has received when necessary. 
“We want to incentivize open source and decentralized developers who we don’t know to start building on this network,” said Halpin in an int

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