Kriptoa

Kriptoan oinarritutako MPC garatzaileak 40 milioi dolar biltzen ditu

09/28/2022
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Multi-party computation (MPC) developer MPCH Labs has concluded a Series A funding round totaling $40 million ahead of the planned launch of its Fraction digital asset operating platform later this year. 

Finantzaketa txanda Liberty City Ventures-ek zuzendu zuen, MPCH Labs inkubatutako venture estudio berak, QCP Capital, Global Coin Research, Polygon Studios, Quantstamp, LedgerPrime, Animoca eta beste batzuen parte-hartze gehigarriarekin. Orain arte, MPCH Labs-ek 50 milioi dolar bildu ditu arrisku-finantzaketetan.

The funding will be used to further develop MPCH Labs’ first product, Fraction, an operating platform that enables institutions to securely safeguard their digital assets. Fraction utilizes MPCH Labs’ MPC6 engine, which enables multiple parties to compute in the same wallet without compromising their data. According to its developers, MPC6 engine will create a “user-centric toolkit” for both crypto-native and traditional institutions.

According to Cat Le-Huy, MPCH Labs’ chief product officer and co-founder, Fraction was designed to enable wider crypto adoption and will be launched sometime in the fourth quarter of 2022.

“Use of MPC (beyond crypto or even within crypto) is to use MPC for process management,” MPCH Labs CEO Miles Parry told Cointelegraph in a written statement. “The policy engine for MPC6 can be used for any purpose where it makes sense to cryptographically bind multi-faceted and multilayered approval processes.”

As reported by Cointelegraph, organizations from across the crypto ecosystem have looked to MPC Web3 aurrera egiteko bitarteko gisa, a broad concept that refers to some future iteration of the internet. Specifically, MPC is being used to build private key security and decentralization within Web3 systems as a way to boost privacy and confidentiality.

Zerikusia: Crypto Biz: Ikusi al duzu zer egiten ari den Afrika Web3-rekin?

On the topic of venture capital, the crypto bear market has taken the wind out of startup raises in recent months. The blockchain industry generated $1.36 billion worth of venture funding in August, the fourth consecutive monthly decline and the lowest level in a year, according to Cointelegraph Research.