[qeternity]

I would take those figures with a huge grain of salt. They were backed by crypto VCs and it sounds like their use-case at the moment is going to be allowing sensitive data to be persisted to and computed on-chain. I'm not saying this isn't a valid use-case, but I wouldn't be surprised if the contracts are from their VC's portcos and that the value is in tokens, not in cash.

Nonetheless, glad to see homomorphic encryption getting funded.

[vlovich123]

Yeah, I do take it with a grain of salt, especially since the valuation could be a form of self-dealing to hype up other investments. This is a legit company though and the researchers there are really moving the field forward and maybe someday it’ll have real applications. Certainly more interesting use of funds than other blockchain wastes of time.