GuShiio.com learned that privacy blockchain project Seismic announced that it has completed a US$7 million seed round of financing, led by a16z crypto, with Polychain, NGC Ventures, dao5 and 1kx participating. Seismic aims to solve the current transaction transparency problem faced by the L1 blockchain. Through end-to-end encryption, transaction data on all chains are made private and user data is avoided exposed. It is reported that the team members come from companies such as Wintermute. Officials said that this financing will accelerate the construction of Seismic’s ecosystem and make it an important infrastructure for future privacy blockchain.
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