Lit Protocol (LITKEY)
Lit Protocol is a decentralized key management network designed to assist Web3 developers in building robust private data, intuitive onboarding and wallet management, and private, immutable programs. $LITKEY is a native token of the platform serving a few main utilities including paying fees to the network, staking, and rewarding node runners.
Since its inception in 2021, the Lit Protocol has raised over $16.7M in multiple funding rounds from Balaji Srinivasan, 1kx, Shima Capital, and others.
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