PolkaCipher Successfully Closes its $2m Seed and Private Rounds

The team at PolkaCipher, led by CEO; Tim Rainer has successfully closed the seed and private rounds in a very short period of time.

A strategically positioned close of $2,020,000 through numerous well-known industry partners and venture capitalists from around the world can now see PolkaCipher move to their next stage, IDO.
Dates of the IDO to be announced soon.

Information regarding who the partners are and why PolkaCipher believes them to be the best fit holistically will be presented in a number of articles in the coming week.

Each VC and Partner were carefully selected based on aligned visions of our ecosystem and what the PolkaCipher products have to offer. The co-existence between what they can bring as a business and what PolkaCipher will be doing in the blockchain economy can ensure the delivery of great results and progress.

The company’s primary aim is to expand the applications of NFTs, Defi and its use case in a business setting to increase the reach of Web3 applications in blockchain economies via a seamless integration to the companies products, privately.

With this being said, the team is really excited about who will be backing them in a move that can help them integrate their products with traditional business and web3 businesses to allow for privacy on the permissionless and public blockchains.

With a 3x oversubscribed request to be involved with PolkaCipher and their range of next-gen blockchain products not seen before in the web3 space, there is definitely a demand and need for such an enterprise-level solution.

PolkaCipher is primed to position itself as the go-to privacy-preserving suite of applications using the most active, used, and accessible blockchains; Ethereum, Binance Chain BSC, and more. With this in mind, it’s recommended to keep an eye on their future actions.

About us

PolkaCipher is a new generation privacy-preserving oracle network based on Polkadot. We aim to expand the reach of Web3 to real-world businesses.

Core features include NFT Privacy, a Data matching mechanism based on community autonomy, and general privacy protection for Defi apps.

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