Ruby Gains $7.3M for Web3 Encryption, Grants On-chain privacy policy

Time Stamp: March 22, 2022 5:03 AM
Source Node: 1226778

  • Ruby protocol received around $7.3 million funding round for Web3 project.
  • The funding round was led by leading venture capitalists and angel investors including Digital Strategies, DFG Group, etc.
  • The company is bringing encryption solutions to the Web3 ecosystem.

Ruby protocol is bringing encryption solutions to the Web3 ecosystem for users to have greater control and privacy over their data, through its novel functional encryption cryptography.

The privacy-first layer 1 blockchain has recently closed a Ruby $7.3 million funding round led by leading venture capitalists and angel investors including Digital Strategies, DFG Group, Signum Capital, D1 Ventures, GenBlock Capital, Global Coin Research, Ocean Foundation, DWeb3 Capital, Maverick Global Ventures, Bruce Pon (Ocean Protocol), Yoon Kim (TRGC), Charles Read (Rarestone Capital), and other industry leaders in the blockchain space.

With the influx of fresh capital, Ruby intends to meet the privacy needs of users across transactions, smart contracts, and the broader Web3 space in a single protocol. They also seek to advance t …

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