Singapore-based NuLink Raises $11.3M to Develop Data Privacy Solutions for Web3 dApps

Singapore-based NuLink has secured $11.3M funding from investors including DWF Labs, Poolz, and ViaBTC, as well as CheckPush, 0xwilds, Coinvestor, 0xbull, Alpha Capital, MNST Platform, and Aza Ventures. The company plans to use the funds to enhance its technology, expand its capabilities, and provide comprehensive training ahead of its upcoming listing on Bybit, Kucoin, and Gate.io on May 16, 2024. NuLink, led by its CEO, is focused on safeguarding data privacy by combining Blockchain technology with advanced security methods such as proxy re-encryption and attribute-based encryption, as well as secure computation techniques like zero-knowledge proof, secure multi-party computation, and fully homomorphic encryption. These technologies make NuLink an essential solution for any dApp that requires handling sensitive data while maintaining privacy.