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Home»ADOPTION NEWS»Nillion integrates with NEAR Protocol to enhance privacy tools for developers.
ADOPTION NEWS

Nillion integrates with NEAR Protocol to enhance privacy tools for developers.

By Crypto FlexsSeptember 13, 20243 Mins Read
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Nillion integrates with NEAR Protocol to enhance privacy tools for developers.
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Nillion, a “blind computing” platform, is integrating with Layer 1. near

+1.47%
Protocol, the second one The network has been launched in recent weeks. This integration provides developers with tools to enhance data privacy and storage while designing applications.

“This collaboration is about expanding what’s possible at NEAR and empowering developers to create solutions that are not only powerful but also privacy-preserving,” Nillion CEO Alex Page said in a statement.

Nillion is a decentralized network built for general data computation and processing to help blockchain (and other) applications scale. In short, the privacy tools allow developers to move computational work off-chain, which opens up a “design space” of possibilities using blockchain, especially for AI experiments running on NEAR, Page told The Block.

Many decentralized AI projects have leveraged NEAR because the protocol’s founder, Ilya Polosukin, helped create the open-source machine learning platform TensorFlow. Polosukin said he hopes the protocol will become “the home of user-owned AI.”

“NEAR’s vision of expanding self-sovereignty into AI aligns perfectly with Nillion’s privacy-first approach,” the page said. “This aligned vision of a future where users control their data while benefiting from new AI applications made NEAR an obvious partner for collaboration.”

Founded in 2021, Nillion is integrated with the Ethereum scaling layer. decision Ab

+2.54%
Late August. The project is supported by cryptocurrency companies including HashKey and OP Crypto. We closed a seed round of $20 million.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information on the cryptocurrency industry. Below are the current financial disclosures.

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

About the Author

Daniel Kuhn is a senior journalist and editor at The Block, covering the cryptocurrency industry with a particular focus on technology. He previously served as an associate editor at CoinDesk, where he covered the opinions/articles section. He was first published in the trade publication Financial Planning. Before pursuing journalism, he studied philosophy as an undergraduate, English literature as a graduate student, and business and economic reporting at NYU’s professional program. You can connect with him on Twitter and Telegram @danielgkuhn, or find him on Urbit as ~dorrys-lonreb.

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