1. Privacy blockchain project Nillion raised $25 million; 2. Blockchain startup Vixichain completes $7 million financing; 3.AI data collection startup Sapien raised $10.50 million in seed funding. 4. Magma, Monad's ecological liquidity pledge agreement, completed a $3.90 million seed round of financing; 5. Solana expansion infrastructure developer Nitro Labs completed a $4 million seed round of financing.
Privacy blockchain project Nillion has raised $25 million in a funding round led by Hack VC, with Arbitrum, Worldcoin and Sei also participating. Nillion is trying to attract projects at the intersection of blockchain and artificial intelligence (AI) that need to securely share and store large amounts of data. Blockchain converges with AI by attempting to decentralize ownership and leverage the data required by AI engines, preventing it from being dominated by a few centralized entities.
Riccardo "Fluffypony" Spagni, the former chief maintainer of the privacy blockchain Monero, has launched a new mining app called Tari Universe. The app aims to "democratize" cryptocurrency mining by using an ASIC-resistant hashing algorithm that allows users to mine using ordinary computers. After launching the app recently, Spagni said his goal was to make mining easier for everyone, "We wanted to create an experience where the technology gradually melted into the background.