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Privacy-Focused Blockchain Secret Network Announces $400M in Funding – CoinDesk

(Stefan Steinbauer/Unsplash)
Data privacy-focused blockchain Secret Network has announced a new $225 million ecosystem fund and a $175 million accelerator pool, building on the recently revealed initiative called Shockwave that’s aimed at making the network a key part of Web 3.
Read more: Quentin Tarantino to Release ‘Pulp Fiction’ NFTs, Flouting Miramax Lawsuit
UPDATE (Jan. 19, 19:26 UTC): Adds SCRT price action.
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Brandy Betz
Brandy covers crypto-related venture capital deals for CoinDesk.
Follow @BrandyBetz on Twitter
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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
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