TechFlow reports that Ethereum Layer 2 network Fhenix has announced the completion of a $15 million Series A funding round led by Hack VC, with participation from Dao5, Amber Group, Primitive Ventures, GSR, Collider Ventures, and Stake Capital. To date, the company has raised a total of $22 million.
Fhenix has also announced the launch of its open testnet Helium—originally planned to be named Renaissance—enabling developers to deploy "confidential" smart contracts on the Fhenix Layer 2 network. The Fhenix mainnet is expected to launch in the first quarter of next year.
Previously in September 2023, fully homomorphic encryption blockchain Fhenix raised $7 million in a seed round led by Multicoin Capital.
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