vvMind Network Monthly Recap for April 2024

Mind Network
3 min readMay 6, 2024



April has been a bizzzzz month! All of us on the Mind Team have been working tirelessly to build up Mind Network’s ecosystem and will soon unveil something that every Minder has been eagerly anticipating for so long! In consideration of ensuring a smooth user experience and security, we ask for your patience before we reveal this wonderful product under the mask.

Let’s quickly review what we’ve accomplished in April:

1.) As one of the leading projects dedicated to solving existing problems in Web3 with FHE, alongside the founders of Fhenix and Inco, we have shared deep insights in an article published on The Block titled ‘FHE Founders’ Views: Building the Master Plan’. This article discusses the significance of FHE in the crypto space and its potential to revolutionize data security and privacy, foreseeing substantial growth in FHE adoption and broader future impacts, which will unlock new use cases across various sectors such as finance, gaming, and AI.

2.) Current testnet stats:

Wallets = 650k

Transactions = 3.2M

The growth of our testnet stats has been steadily climbing during April, and we want to extend our heartfelt appreciation to all community members for their valuable feedback and contributions.

3.) Event Highlights:

We participated in the Web3 Festival in Hong Kong, Token 2049 in Dubai, and SEABW (Southeast Asia Blockchain Week 2024) in Bangkok, three significant events for the first half of the year, strengthening our relationships with important partners and delivering several speeches on stage.

4.) MindChats AMA:

It’s AI April! This month, we are delighted to welcome numerous AI projects joining us to share insights from their perspectives and discuss how the partnerships with the Mind Network can contribute to a more secure, fair, and efficient decentralized AI ecosystem. Special thanks to AIOZ, Connext, Nimble, MyShell, and ZKfair.

Check out these episodes:

MindChats EP09: ZK for the People with ZKFair

MindChats EP10: The Vision for W3AI with AIOZ

MindChats EP11: The Significance of xERC20 with Connext

MindChats EP12: The AI We Deserve with MyShell and Nimble

5.) Mind Network Ecosystem:

The Mind Network Ecosystem is thriving and growing! We are thrilled to announce partnerships with AIOZ, io.net, Nimble, PingPong, which will allow for greater security and efficiency within AI.

Follow our socials for updates on even more exciting news to come!

About Mind Network

Mind Network is the first FHE Restaking Layer for POS and AI Networks. Our framework operates as an FHE validation network, bringing secure computation and consensus to AI, DePIN, EigenLayer AVS, Bittensor Subnet, and many critical POS networks. Mind Network’s solution has found initial product-market-fit with projects such as IO.Net, MyShell, Bittensor, AIOZ, Nimble AI, ChainLink, Connext and more adopting its solution. It has achieved 650k+ active users and 3.2M+ transactions processed on its testnet.

Mind Network is backed by Binance Labs, Hashkey, Big Brain, Chainlink, Comma3, SevenX, and received an Ethereum grant to conduct research on practical implementations for FHE technology on Ethereum.

Visit Our Website and Social Media Channels:

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Mind Network

An FHE (Fully Homomorphic Encryption) Restaking Layer for POS and AI Networks. https://linktr.ee/mindnetwork_xyz