The foundations of the cryptocurrency industry are strictly based on privacy and anonymity. Satoshi Nakamoto, the leading cryptocurrency bitcoin‘I (BTC) He has made it clear that he believes in economic freedom and anonymity. Despite this, some cryptocurrencies have now completely compromised their status with the interventions of countries.
Tether (USDT) such as leading stablecoinThe fact that companies can directly detect people’s wallets and freeze the funds whenever they want is actually an example of this situation.
While there are developments like this, which are contrary to the spirit of cryptocurrencies, there are also developments that integrate with the spirit of cryptocurrencies.
Record Investment in Privacy-Oriented Secret Network
Secret Network a cryptocurrency and blockchain project named Raised $400 million in funding.
The project, which raises such funds to improve the ecosystem and increase its user base, is focused on privacy and security, as the name suggests.
The ecosystem includes Secret tokens, the Secret Finance project, and the NFT arm called Secret NFT.
With this funding, the platform offers an ecosystem fund of $225 million and an incentive fund of $175 million.
Big names such as BlockTower Capital, Arrington Capital, Fenbushi Capital and Figment are among those who invested in the project.
Despite this news, the price of the crypto money SCRT did not increase significantly. The 34% increase in 7 days shows that this news may have already been priced in. SCRT dropped 2% in 24 hours.