Difference between revisions of "Nym (NYM)"
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==Basics== | ==Basics== | ||
*Based in: | *Based in: [https://decrypt.co/202861/andreessen-horowitz-backs-nym-300m-privacy-centric-innovation-fund Switzerland] (24-10-2023) | ||
*Started in / Announced on: [https://twitter.com/nymproject/status/1365340929469652992 Summer 2018] | *Started in / Announced on: [https://twitter.com/nymproject/status/1365340929469652992 Summer 2018] | ||
*[[Mainnet]] release: | *[[Mainnet]] release: | ||
| Line 73: | Line 73: | ||
===Funding=== | ===Funding=== | ||
* Brought in outside backers for [https://twitter.com/TheBlock__/status/1521173453235265542 $300 million] developer fund (3-5-2022). | * Has [https://decrypt.co/202861/andreessen-horowitz-backs-nym-300m-privacy-centric-innovation-fund raised] a total (24-10-2023) of $24.9 million in funding, including the $13 million Series A round led by [[A16z crypto|a16z]]. | ||
*Brought in outside backers for [https://twitter.com/TheBlock__/status/1521173453235265542 $300 million] developer fund (3-5-2022). [https://decrypt.co/202861/andreessen-horowitz-backs-nym-300m-privacy-centric-innovation-fund Backed by] (24-10-2023) Nym Technologies’ venture capital investors such as [[Andreessen Horowitz]] (a16z), [[Polychain Capital]], [[Greenfield]], [[Huobi (HT)|Huobi]] Incubator, [[Eden Block]], [[Hashkey Capital|HashKey Capital]], [[Figment Networks|Figment]], [[Fenbushi Capital]], [[OKX (OKB & OKT)|OKX]] Blockdream Ventures, [[Kryptonite1|KR1]], and [[Lemniscap]]. | |||
*Has [https://twitter.com/nymproject/status/1365340929469652992 funding] from [[Binance]] Labs (27-2-2021). | *Has [https://twitter.com/nymproject/status/1365340929469652992 funding] from [[Binance]] Labs (27-2-2021). | ||
Revision as of 12:07, 24 October 2023
A communication infrastructure network supporting network-level privacy through the Nym mixnet.
Basics
- Based in: Switzerland (24-10-2023)
- Started in / Announced on: Summer 2018
- Mainnet release:
- According to Figment Weekly Digest (2-3-2021): "A private Internet infrastructure project"
History
Token
Launch
Token Allocation
Utility
Other Details
Stablecoin
Coin Distribution
Technology
- Whitepaper can be found here (26-2-2021).
- Code can be viewed [insert here].
Implementations
- Built on: Cosmos SDK
- Programming language used:
Transaction Details
How it works
- From the whitepaper (26-2-2021):
"The Nym network ("Nym") is a decentralized and incentivized infrastructure to provision privacy to a broad range of message-based applications and services. The core component of Nym is a mixnet that protects network traffic metadata for applications, providing communication privacy superior to both VPNs and Tor against global adversaries that can watch the entire internet. Nodes in the mixnet are rewarded via a novel proof of mixing scheme that proves that mix nodes are providing a high quality of service. Rewards given by NYM tokens allow anyone to join the Nym network and enable a sustainable economic model for privacy. NYM tokens can be transformed into anonymous credentials that allow users to privately prove their "right to use" services in a decentralized and verifiable manner. The Nym network can serve as the foundation for a vast range of privacy-enhanced applications that defend the fundamental freedoms of people across the globe against traffic analysis by powerful adversaries."
Mining
Staking
Liquidity Mining
Scaling
Interoperability
Other Details
Privacy Method
Compliance
Oracle Method
Their Other Projects
Governance
DAO
Treasury
Upgrades
Roadmap
- Can be found [Insert link here].
Audits
- Bug bounty program can be found [insert here].
Bugs/Hacks
Usage
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
Team, Funding, Partnerships, etc.
Team
- Full team can be found [here].
Funding
- Has raised a total (24-10-2023) of $24.9 million in funding, including the $13 million Series A round led by a16z.
- Brought in outside backers for $300 million developer fund (3-5-2022). Backed by (24-10-2023) Nym Technologies’ venture capital investors such as Andreessen Horowitz (a16z), Polychain Capital, Greenfield, Huobi Incubator, Eden Block, HashKey Capital, Figment, Fenbushi Capital, OKX Blockdream Ventures, KR1, and Lemniscap.
- Has funding from Binance Labs (27-2-2021).
Partners
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