Nym Technologies, the Swiss privacy startup Nym Technologies has announced $300 million worth of commitments by venture capital partners to help support its NYM Innovation Fund. Nym will issue grants and encourage developers to create on Nym’s decentralized infrastructure. The funding follows a few weeks since Nym’s native token NYM was launched on several major cryptocurrency exchanges like Huobi and OKX.

The NYM token was valid at the time this article was published. TransferredIt traded at an average of $0.92 and saw a rise in its daily trading volume over the 24-hours since it was announced. National Security Agency whistleblower Edward Snowden AddressedParticipants at Paris’s token launch, where he explained that current privacy concerns are due to decisions made by antiquated computer networks from the 1970s.