Polychain Capital leads Nil Foundation's $22 million raise and sees participation from Blockchain Capital and Starkware.
Data accessibility protocol developer Nil Foundation has raised a $22 million round led by Polychain Capital.The Nil Foundation, which is written as=nil; Foundation, has raised $22 million in a round led by Polychain Capital.brings the foundation’s valuation to $220 million and sees participation from other investors including Blockchain Capital, Starkware and Mina Protocol, according to the release.
"They would need to dedicate themselves, to dedicate their optimization process, to dedicate the hardware selection, to dedicate everything to a particular project, which is [an] all-in strategy, which doesn't work out to be honest,"The Nil Foundation’s protocol aims to solve this challenge with a protocol that enables to developers to list orders specific to their needs and for proof generators to meet those needs.
"We target not to provide computational powers ourselves, but to facilitate [and] to coordinate someone who actually is good at it, like validators, like professional proof generators,""Some professional proof generators will rise, just as professional validators rose," he added.
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