NuCypher is a solution that will be of particular interest to those building decentralized application that deals with private or sensitive data as it will enable a privacy layer for public blockchain and decentralized applications through a technology called proxy re-encryption. NuCypher is an infrastructure stack for decentralized applications and enables developers to store, share, and manage private data on public blockchains.
The company completed a $4.3 million presale from select cryptofunds and venture firms in the token space. The round was led by Polychain Capital with participation from Michael Novogratz’s Galaxy Digital Assets Fund, FBG Capital, Compound VC, Satoshi Fund, Semantic Ventures, Kenetic Capital, Coinfund, Nima Capital, Amino Capital, Blockchain Korea Partners, 1KX, and Mission & Market. A public token sale/ICO is scheduled for early 2018.