TechFlow News — Nym, a WEB3.0 privacy infrastructure project, has raised $13 million in a Series A round at a $270 million valuation, led by a16z with participation from DCG, Tayssir Capital, Huobi Ventures, HashKey, and Fenbushi Capital. Nym leverages blockchain to decentralize its mixnet network, where nodes are rewarded with tokens for providing traffic. The network can also inject cover traffic packets when needed, making it difficult for others to decipher the information. Nym CEO Harry Halpin, who previously worked with Tim Berners-Lee, the inventor of the World Wide Web, founded the company in 2018. Halpin believes Nym's solution can counteract state-level mass surveillance, differentiating it from tools like VPNs or Tor.
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