Fhenix Secures $15M Investment and Introduces Groundbreaking Privacy-First L2 Testnet

Wednesday, 5 June 2024, 08:10

In a major development, Fhenix, a Layer 2 blockchain powered by Fully Homomorphic Encryption, recently raised an impressive $15 million in a Series A funding round. The funding will fuel the expansion of Fhenix's innovative privacy-first L2 testnet, marking a significant milestone in the blockchain industry. With this investment, Fhenix is poised to redefine data security standards and drive the adoption of privacy-focused technologies in the decentralized ecosystem.

https://store.livarava.com/4d778cdd-2313-11ef-a406-9d5fa15a64d8.jpg — Fhenix Secures $15M Investment and Introduces Groundbreaking Privacy-First L2 Testnet

Fhenix Secures $15M Investment and Introduces Cutting-Edge Privacy-First L2 Testnet

Fhenix, the Layer 2 blockchain leveraging Fully Homomorphic Encryption, has successfully closed a $15 million Series A funding round. The funding will support the development and rollout of Fhenix's privacy-first L2 testnet, showcasing the company's commitment to cutting-edge data security solutions.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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Fhenix Secures $15M Investment and Introduces Cutting-Edge Privacy-First L2 Testnet