Fhenix Secures $7M Funding, Aims To Bolster Privacy On Public Blockchains
Portfolio Pulse from Murtuza Merchant
Blockchain platform Fhenix has secured $7 million in venture capital funding led by Multicoin Capital and Collider Ventures. The funds will be used to launch the Fhenix Network's public testnet and bolster ecosystem application development. Fhenix aims to address a significant gap in the Ethereum ecosystem by ensuring encryption for commercially sensitive data.

September 26, 2023 | 3:37 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Fhenix's development could enhance the Ethereum ecosystem by ensuring encryption for commercially sensitive data, potentially increasing the utility and value of Ethereum.
Fhenix's development aims to address a significant gap in the Ethereum ecosystem by ensuring encryption for commercially sensitive data. This could increase the utility of Ethereum, potentially leading to increased demand and value for Ethereum in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70