Fully homomorphic encryption re-staking layer Mind Network completes $10 million Pre-A round of financing, with Animoca Brands and others participating

According to official news, the fully homomorphic encryption re-staking layer Mind Network recently announced the completion of a $10 million Pre-A round of financing, with participation from Animoca Brands, Arkstream Capital, Cogitent Ventures, G Ventures, MH Ventures, Master Ventures, Moonhill Capital, SwissBorg Ventures, IBC Group, and ether.fi CEO Mike Silagadze, crypto KOL Mario Nawfal, Mr Block and Kyle Chassé and other angel investors. Mind Network plans to use the new financing to integrate more staking protocols to expand its business and continue to release supporting infrastructure. Users holding staked assets from partner protocols can redeem vFHE on Mind Network and participate in FHE voting. Previously, Mind Network announced the launch of an FHE voting solution to ensure consensus and data security for AI and PoS networks. The solution introduces the concept of total governance value (TGV), which separates voting rights from staked assets and allocates them to networks/systems that require governance and consensus. Users can earn vFHE by holding staked assets, thereby participating in ensuring the consensus of other networks they wish to support.