Mind Network Monthly Recap for September 2024

3 min readOct 8, 2024

Hello, Minders!

September marked a revolutionary milestone for Mind Network, ushering in a new era of technological and ecosystem advancements.

With the successful launch of MindV and the first-ever FHECon, we are entering a phase of rapid growth and expansion.

The next big thing is cooking.

Funding Raise

We are thrilled to have earned the trust and support of many top-tier investors.

Our prominent investors include Animoca Brands, Arkstream Capital, Cogitent Ventures, G Ventures, MH Ventures, Master Ventures, Moonhill Capital, SwissBorg Ventures, and more.

This round also saw participation from notable angel investors, including Mike Silagadze, CEO of Ether.fi, along with influential figures like Mario Nawfal, Mr Block, and Kyle Chassé.

MindV Launch

We officially launched MindV in September. If you missed it, you can check it out here.

MindV is Mind Network’s Tokenized Voting Solution, introducing FHE voting for AI and PoS networks to ensure consensus and data security.

In addition, Mind Network introduced the innovative Total Governance Value (TGV) concept.

TGV refers to the process of decoupling voting rights from staked assets and assigning them to networks or systems that lack governance and secure consensus.

Our first batch of TGV partners includes top networks such as Puffer, Etherfi, Mellow, Manta Network, Stakestone, Solv, Bouncebit, Swell, and Pencils. Through these partnerships, Mind Network offers risk-free yield scenarios for staked assets while ensuring voting independence, thus enhancing the consensus security of the entire network.

FHECon

Token2049 was undoubtedly one of the most anticipated events in the blockchain industry this year, and we were excited to be part of it.

During Token2049 in Singapore, Mind Network, together with ZAMA, Inco, and Fhenix, successfully hosted the first-ever FHECon, with over 800 attendees! We were thrilled to see so much interest in FHE (Fully Homomorphic Encryption) and AI.

Focused on the topic ‘How FHE Meets AI,’ the event explored cutting-edge advancements in FHE technology, its applications in AI and restaking ecosystems, and its influence on consensus security.

Speakers included not only Mind Network, Zama, Inco, and Fhenix, but also AI networks like Aethir, 0G, and MyShell, restaking ecosystems like Symbiotic, Etherfi, and Puffer, and venture capitalists from Coinfund, Animoca, and others.

You can check out FHECon recap here.

Looking Forward to Connecting in October

September strengthened our leadership in PoS and AI, highlighting FHE’s powerful security and consensus solutions. As the first FHE Layer, we’re breaking new ground and expanding partnerships, setting the stage for more success.

This is just the beginning — we’re ready to lead the next wave of decentralized innovation!

About Mind Network

Mind Network is the first FHE Layer for PoS and AI Networks. Their framework operates as an FHE validation network, bringing secure computation and consensus to Bitcoin restaking, Decentralized AI, Bridges, EigenLayer AVS, Bittensor Subnet, and many critical PoS networks. Mind Network’s solution enables verifiable decentralized computation over encrypted data.

Mind Network is backed by Binance Labs, Hashkey, Big Brain, Chainlink, and received an Ethereum Foundation Grant for their FHE research on Ethereum.

For more insights and updates on Mind Network’s innovations, visit our website and socials: