Octra is a Fully Homomorphic Encryption (FHE) Layer-1 blockchain network designed to enable "privacy on demand" for both institutional and regular users. It leverages a unique dual consensus mechanism powered by HFHE and hybridPoUW to deliver private smart contract execution while retaining user data access. The native utility token $OCT powers transactions, encrypted computations, network security, and participation across the ecosystem.
On September 20, 2024, Octra Labs raised $4 million in its Pre-Seed funding round, led by Finality Capital Partners and supported by Big Brain Holdings, Karatage, Presto Labs, Builder Capital, Outlier Ventures and other investors.