arcium

According to The Block, the crypto computing network Arcium has launched its mainnet Alpha version on Solana, marking the transition of its crypto computing network from a testing environment to early production use infrastructure.The project aims to power the crypto capital markets on public blockchains, with its execution engine allowing developers to build verifiable and composable applications while keeping data fully encrypted. The first application to go live on the network, Umbra, launched its "private mainnet" simultaneously, building a shielded financial layer on Solana through a phased rollout, initially offering shielded transfers and crypto exchange functionalities. Access will be limited at first, with 100 users opening each week and a deposit limit of $500, with plans to expand access and raise limits in February.

ChainCatcher news, the confidential computing network Arcium has announced the completion of its angel round financing, with investors covering multiple fields, including some community fundraising through echo.The total financing amount has reached 11 million USD. Investors include Jupiter co-founder Meow, MegaETH founding team member namik, and Jupiter co-founder Siong.According to the Web3 asset data platform RootData, Arcium is a parallel trusted computing network. It provides developers and applications with a trustless, verifiable, and efficient framework to run trusted computing. Arcium aims to bring trust to every on-chain application and become a global computing network for the decentralized internet. The Multi-Party Computing Execution Environment (MXE) is the pillar of the Arcium network. They combine Multi-Party Computing (MPC), Fully Homomorphic Encryption (FHE), Zero-Knowledge Proofs (ZKP), and more to achieve encrypted computation.

ChainCatcher news, the confidential computing network Arcium has announced its tokenomics: a total supply of 1 billion tokens, with 20% allocated to the community (2% targeted for CoinList), 5.8% for angel investors (including the Echo round), 5% for validators, 20.8% for core contributors, 20.4% for VCs, and 28% for ecosystem and treasury.The Arcium token is the core asset of the network, used for staking-based security and computation payments. The total supply of SPL tokens is 1 billion, featuring a dynamic supply mechanism that can adjust inflation and burn strategies based on network demand. Only fully unlocked tokens can be used for staking, ensuring fairness and transparency. Additionally, the Arcium community round will launch on March 24, with 100% unlocking at TGE.

ChainCatcher news, according to official information, CoinList will launch the fourth round of token sales for the Arcium community on March 24 at 17:00 Beijing time. The initial token FDV is 200 million USD, with a price of 0.2 USD per token, and it is expected to be fully unlocked during the token TGE in the third quarter of this year.Arcium is a crypto supercomputer that provides developers, applications, and various industries with a trustless, verifiable, and high-performance cryptographic computing framework.

ChainCatcher news, the parallel trusted computing network Arcium has acquired the core technology and team of the Web2 confidential computing project Inpher, with the specific acquisition amount undisclosed. This acquisition will enable Arcium to accelerate its mainnet launch by leveraging Inpher's confidential machine learning technology and performance improvements.In addition, to promote industry advancement, Arcium is open-sourcing all patents to accelerate the development of global confidential computing.It is reported that Inpher was founded by Professors Jordan Brandt and Dimitar Jechev, and has a history of nearly ten years, having raised over $25 million from investors such as JPMorgan and Swisscom.

ChainCatcher news, the on-chain confidential computing project Arcium announced on X that the Arcium private testnet is now open, and early builders will have the opportunity to lay the foundation for the Arcium network during this phase.According to the introduction, the current four fortress stages are:Fortress of Arcae (AI),Fortress of Deepyne (DePin),Fortress of Guffal (Gaming),Fortress of Defirius (DeFi).Previously, it was reported that Arcium completed a $5.5 million strategic financing round, led by Greenfield Capital.Additionally, according to the Web3 asset data platform RootData, Arcium is a parallel trusted computing network. It provides developers and applications with a trustless, verifiable, and efficient framework to run trusted computing. Arcium aims to bring trust to every on-chain application and become a global computing network for the decentralized internet. The Multi-Party Computation Execution Environment (MXE) is the cornerstone of the Arcium network. They combine Multi-Party Computation (MPC), Fully Homomorphic Encryption (FHE), Zero-Knowledge Proofs (ZKP), and more to achieve encrypted computing.

ChainCatcher news, Solana ecosystem zero-knowledge privacy protocol Arcium announced the completion of a $5.5 million strategic financing round, led by Greenfield Capital. Coinbase, Heartcore Capital, Longhash VC, L2 Iterative Ventures, Stake Facilities, Smape Capital, and Everstake, as well as notable angel investors such as Solana co-founder Anatoly Yakovenko and Monad co-founder Keone Han participated in the round.It is reported that Arcium plans to use this round of financing to provide developers and blockchain applications with a trust-minimized and configurable cryptographic computing framework.