PolkaCipher Secures Investment from Varys Capital on May 10, 2021
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According to industry sources, PolkaCipher secured a new round of funding on May 10, 2021, with Varys Capital as the lead investor.PolkaCipher is a privacy-preserving oracle network built on the Polkadot blockchain. The project aims to introduce private NFT use cases for off-chain businesses and provide seamless integration bridges for on-chain DeFi applications. As blockchain technology continues to advance rapidly, data privacy is increasingly prioritized. Through its innovative privacy protection technologies, PolkaCipher enables enterprises to safeguard data privacy while fully leveraging the benefits of blockchain.Varys Capital's investment demonstrates institutional confidence in the privacy-focused oracle sector. The funding will support PolkaCipher in further enhancing its technical infrastructure, expanding its team, and accelerating product deployment. Against the backdrop of rapid growth in NFTs and DeFi, PolkaCipher’s privacy solutions are poised for broader adoption in the future.
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DOT fundraising-history
| fundraising-Round | fundraising-amount | fundraising-valuation | fundraising-time | fundraising-investor |
|---|---|---|---|---|
| -- | -- | -- | 2021-05-09 | Varys Capital |
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- 2021-05-10PolkaCipher completed a new funding round
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