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Secret Network raises $400 million in ecosystem funding

Twitter icon  •  Published 2 years ago  •  Hassan Maishera

The Secret Network said it has raised $400 million in ecosystem funding, with $225M ecosystem fund and a $175M accelerator pool.

The Secret Network said it has raised $400 million in ecosystem funding. The team raised a new $225M ecosystem fund and a $175M accelerator pool. DeFiance Capital, Alameda Research, CoinFund and HashKey Group led the latest Secret Network funding round.

Secret Network is an interoperable blockchain infrastructure that aims to enable computational privacy for general-purpose smart contracts. SCRT is trading at $8.5 at press time, down by more than 5% in the last 24 hours.

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.