PolkaCipher Partners With Varys Capital For Strategic Investment
We are pleased to announce that we have secured the backing and strategic investment from Varys Capital.
As a trusted authority on digital currency investing, Varys Capital provides secure access to the transformative asset class through its multi-strategy approach to investment returns in venture and trading, with a focus placed on decentralized finance.
Varys offers various products with an emphasis on discretionary exposure, quantitative trading, and venture.
Varys Capital on why they backed PolkaCipher:
“Varys was attracted to PolkaCipher due to their business suite of products allows companies to securely distribute and collect data privately over its oracle network, which will provide secure data storage and allow them to mint, distribute, and collect NFTs. Solutions for users allow them to privately mint, collect, and distribute NFTs, take out and fund loans, a digital locker secured by NFTs, and decentralized exchange for private swaps.
The fund is particularly interested in projects that possess a Defi-focused application. PolkaCipher entails a full suite of different applications, including
Truss, its lending, staking, and mining platform; bNFT, for business-focused NFTs; eDATA, to facilitate data collection for business NFTs and Defi; CIPHERDEX, a trading platform for NFTs, and SuperStable, a cross-chain ecosystem for all its other applications.
All of these applications will be used in tandem to expand use cases for NFTs, creating an environment for a permission community, is one of the primary rationales resulting in capital placement”.
To learn more about Varys Capital, visit their website: Here
PolkaCipher is a privacy-preserving oracle network on the Polkadot Blockchain focused on bringing the use case of private NFTs to off-chain businesses and be a bridge for seamless integration to on-chain Defi apps.
PolkaCipher’s unique offerings help push the use-case of the NFTs in real-world scenarios while still being connected to a cross-chain network that is fair and accurate. PolkaCipher intends to achieve business goals by helping users transact privately and securely using NFTs as a mode of access to different decentralized apps (Dapps) and real-world business rewards.
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