Inco Raises $4.5M to Expand Development of Confidentiality Layer for Ethereum and Other Networks

Bitget App

Trade smarter

Bitget

News

Cointime2024/02/22 07:20

By:Cointime

NYC-based developer Inco has secured $4.5 million in funding for its confidentiality layer for Ethereum and other networks. The funding round was led by 1kx, with participation from Circle Ventures, Robot Ventures, and others. Inco plans to use the funds to expand its operations and development efforts. The company's confidentiality layer uses fully homomorphic encryption and is interoperable with other blockchains, allowing for the development of decentralized applications with encrypted data. Inco has also launched the Gentry testnet to address confidentiality challenges in Web3.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14