HOPR Secures Over $1 Million in Web3 Ecosystem Grants

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Swiss Privacy Project HOPR Association is rapidly developing its ecosystem in collaboration with other leading Web3 projects. HOPR recently announced that it has received over $1 million in Web3 Project Ecosystem Grants and has established working partnerships with several others.

Notable investments are coming from Edge & Node, Dusk Network, Ankr, and Harmony, with more collaborations to be announced soon.

Fundamental confidentiality

Privacy is an often overlooked component of Web3 and the cryptographic vision. Although everyone generally agrees that data privacy is important, it is often pushed behind more popular cryptographic concepts such as decentralization.

HOPR argues that this is a false distinction. Without privacy – specifically, transport-level privacy that hides metadata such as the user’s IP address – fundamental aspects of cryptography cannot be exploited securely.

HOPR’s incentivized and scalable private mixed network allows users to earn its native token, HOPR, as an incentive to run nodes that relay data anonymously and securely to other network members using the proof system relay of the project. This allows users to send data to other users without exposing vital metadata such as their IP addresses.

The urgent need for this technology is clearly highlighted by HOPR DERP Tool – Dumb Ethereum RPC Provider – which shows how popular decentralized applications (DApps) such as Uniswap and MetaMask leak vast amounts of identifiable and actionable metadata – even before performing a transaction, and in some cases before fully opening the DApp.

Building the future of private Web3

Fortunately, many projects and developers are realizing the magnitude of the crypto privacy problem. This was clear when HOPR took part in ETHDenver in February as a sponsor. The reality of building Web3 was a hot topic at ETHDenver, and conversations with like-minded projects quickly turned into collaborations and investments, including a place in the Harmony protocol’s Project X initiative.

HOPR also integrates independent developers into its ecosystem. With a new suite of APIs and developer tools, developers can create the first fully private DApp prototypes on HOPR. This initiative was supported by $15,000 in bounties to the ETHDenver Buildathon, endowed by the HOPR Decentralized Autonomous Organization (DAO).

Educate the community

A crucial part of building Web3 is educating people about the importance of Web3 values ​​and providing investment grants. Many new HOPR collaborating partners have contributed to HOPR’s recently launched Web3 Talks series. The first two episodes feature Edge & Node founder Tegan Kline and Tornado Cash co-founder Roman Storm. HOPR founder Dr. Sebastian Bürgel also sat down with Near Protocol’s co-founder in a discussion that will feature in Near’s whiteboard series.

Holistic investment

Much of the recent discourse on the viability of Web3 has focused on project funding, with many criticizing the amount of venture capital funding in the space. HOPR has already established its decentralized credentials through a fair launch that saw 100% of funds raised remain under the control of the HOPR DAO. The team doubles down on this approach by securing investment from like-minded Web3 projects.

The issue of metadata and IP privacy is prevalent across all layers of crypto, from users accessing DApps through their browsers to how transactions are approved and aggregated into blocks by miners and validators.

To this end, HOPR has announced that it will:

  • Balancing Data Transparency with Privacy for Node Managers for Truly Decentralized Data Indexing and Infrastructure Delivery with Ankr, The Graph, and Pocket Network
  • Added transport-level essential privacy to Dusk Network, Panther Protocol, and Tornado Cash on-chain privacy
  • Delivering essential privacy to stop Layer 0 disruptions and attacks on Layer 1 blockchains with Gnosis, Polygon, Harmony, and Near.

Interested developers can also participate in HOPR’s growing bounty program.

About HOPR

HOPR is a Layer 0 metadata privacy protection protocol used to connect devices and the cloud and produce private on-chain transactions. HOPR has developed cutting-edge technologies for digital privacy, Layer 0 data transmission and decentralized governance.

Help change data privacy for good by visiting HOPR website, Twitter, Discord Where Telegram.

Media contact: [email protected]

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