Mind Network Monthly Recap for May 2025

5 min readJun 7, 2025

MindAY marked a pivotal month for Mind Network following its TGE, as we turned vision into momentum.

In May, we launched core encrypted infrastructure, unlocked staking rewards, formed strategic alliances across the AI and Web3 stack, and deepened global community engagement.

These advances are laying the technical and economic foundation for the Agentic World and accelerating real-world adoption of $FHE.

Here’s a quick look at what we built:

Ecosystem Momentum:

$FHE was prominently featured across several Binance Alpha initiatives and gained considerable traction within the BNB Chain community.

Key Developments:

Binance Alpha: The $4.2M Binance Alpha Trading Competition has ended with $FHE as a top-traded asset. The 0.01% low trading fee remains active.

Binance Square News: Binance Square spotlighted Mind Network’s mission to bring FHE to Web3 and Agentic AI, featuring its role in DeepSeek’s trusted agent ecosystem.

BNB DappBay: Mind Network ranked among the top five AI-related applications by new user growth in a 7-day window on BNB DappBay.

Community Engagement & Media

AI Summer Carnival on BNB Chain

We joined leading teams including Unifai Network, Gata, APRO Oracle, and Termix AI to explore the future of onchain AI.

Recap:

MindChats: FHE-Powered Multi-Agent Systems

In the latest MindChats session, our CEO joined leaders from Swarms AI, Ammo AI, Akedo, and Spheron.

Foundation to discuss swarm collaboration, privacy-preserving reasoning, and distributed inference in next-generation AI coordination.

Recap: https://x.com/mindnetwork_xyz/status/1923227384473432298

Other community AMAs

Mind Network and $FHE were also featured in ecosystem activities by Bybit, Taigo, Bitget, and MEXC.

Featured in the Messari DeCC report

Mind Network was recognized as one of the leading projects in the DeCC sector. Our work in bringing FHE to Web3 and AI infrastructure was prominently highlighted.

CEO interview with Kyle Chasse

Our CEO emphasized the critical need for privacy in decentralized systems. As he stated: “Without privacy, AI fails. DeFi fails. Stablecoins fail. FHE is the solution.” This message resonated widely across the crypto and AI ecosystems.

Product Releases

Encrypted USDC cross-chain transfers are now live

By integrating Circle’s CCTP and Chainlink’s CCIP, Mind Network enables compliant and fully encrypted cross-chain transfers of native USDC on Ethereum, Arbitrum, and Polygon.

This marks the first production-level integration of FHE with CCTP.

Supported use cases include confidential DeFi, institutional treasury management, RWA settlement, and zero-knowledge regulatory disclosure.

MindX and FHE Bridge

MindX is a privacy-preserving AI assistant powered by FHE.

It supports encrypted memory, user-controlled keys, and contextual fine-tuning, making it suitable for both Web2 and Web3 users.

FHE Bridge is a quantum-resistant infrastructure layer supporting stealth cross-chain transfers of USDC, ETH, MATIC, and BNB on Ethereum, Arbitrum, Polygon, and BNB Chain.

DeepSeek Hub: the first Advanced Hub is now active

Since its launch in late April, the DeepSeek-powered Agent Hub has attracted thousands of active agents. Conversations are fully encrypted and tamper-resistant.

Partnerships

Mind Network x Alibaba Cloud

Mind Network deployed encrypted AI inference on Alibaba Cloud using DeepSeek’s open-source framework. The integration supports FHE-secured execution, MindChain-based validation, hybrid agent architectures, encrypted APIs, and scalable workflows.

Mind Network x Allora Network: FHE TrustPrice Index

Mind Network and Allora introduced a privacy-preserving price oracle for DeFAI, built using encrypted price predictions aggregated via FHE. Applications include autonomous trading agents, DEX price referencing, lending protocol risk calculations, and Chainlink CCIP-based interoperability.

Prototype link: https://github.com/mind-network/mind-voter-btc-index-allora

Mind Network x GAME (Virtuals): With GAME Virtuals, Mind Network enabled encrypted computation and agent consensus via FHE within the modular G.A.M.E. framework.

Mind Network x Gata: With Gata, we integrated FHE into a decentralized data framework supporting encrypted chat-based collection and multimodal labeling.

Mind Network x Akedo: Akedo integrated Mind’s FHE capabilities into its multi-agent framework to enable secure collaboration for rapid game and application development.

Mind Network x GAIB: Confidential AI asset tokenization

Through our partnership with GAIB, Mind Network enables end-to-end encrypted capital flows, yield computation, and cross-chain execution of AI assets without disclosing internal models or data.

Mind Network x Spheron: Mind Network and Spheron are partnering to bring FHE-powered privacy to decentralized compute, enabling secure AI workloads across a global network of community-run nodes.

🇰🇷 Korean

Launch of the Korean Telegram community: We established a dedicated Korean-language community with local campaigns and announcements. Additional regional groups are under development.

Seoul on My Mind: Mind Network is co-hosting the latest installment of the “On My Mind” global event series today in Seoul, June 9.

Events

Presence at Token2049 Dubai

Mind Network hosted “MasterMinds” and “Mindful Meditation” gatherings, bringing together leading thinkers in Web3 and AI. Our CEO shared the long-term vision for privacy-first AI and the role of FHE in powering decentralized intelligence.

Conversation with CoinMarketCap

At the Dubai 2049 event, our CEO discussed the key challenges of building an AI-agent economy and outlined how Mind Network is addressing them with privacy-preserving infrastructure.

Community Events

“Xpress Your FHE” community campaign concluded

Users were invited to post creative content about FHE on X (formerly Twitter). Fifty selected winners received 1,000 worth of FHE in total rewards.

Launch of the “Build Like-Minded Vibes” Summer Fest

A collaborative campaign co-organized with UXLink, GAIB, Gata, R2, and Olaxbt, featuring a prize pool of more than 6,000 to support creators and community participants.

Join here: https://bit.ly/BuildVibes

Looking Ahead

With early infrastructure in place, product capabilities launched, and global adoption accelerating, Mind Network is entering a phase of rapid expansion.

The second Advance Hub is live: World AI Health Hub

Contribute to Working and submit FHE-encrypted health data to access an additional 10 million $FHE in rewards.

Join now: https://agent.mindnetwork.xyz/agenticworld/5

About Mind Network

Mind Network pioneers quantum-resistant Fully Homomorphic Encryption (FHE) infrastructure, powering a fully encrypted internet through secure data and AI computation. In collaboration with industry leaders, Mind Network is establishing HTTPZ — a Zero Trust Internet Protocol — to set new standards for trusted AI and encrypted on-chain data processing in Web3 and AI ecosystems.

Mind Network is backed by notable investors including Binance Labs, Cogitent, Hashkey, Animoca Brands, Chainlink, and has received two Ethereum Foundation Grants for its FHE research. Partnering with industry leaders like Zama, Mind Network is building a fully encrypted infrastructure, committed to realizing the vision of HTTPZ for the next generation internet.

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