The Encryption Network (TEN) is a rollup-based L2 tailored for privacy-first smart contract execution, combining TEEs, encrypted state, and secure randomness. With its hybrid consensus and composable architecture, TEN delivers a new standard for secure, autonomous, and decentralized applications.
On March 15th, 2024, TheBlock reported that the project raised $9M in a funding round led by R3 and joined by KuCoin Ventures, and others.
6-month cliff followed by 24-month vesting
| Fund | Score | Type | Retail ROI | Numbers of investments |
|---|---|---|---|---|
| N/A | 0.78x | 28 | ||
| High | 0.59x | 13 | ||
| High | 0.65x | 11 |