3 min readApr 11, 2024

Sharing Mind Network’s contribution in Web3 with Arbitrum

Mind Network was excited to share our latest achievement with Arbiturm! TL;DR, 3 minutes to catch up with this episode!

Time Stamp

Check out the recording of the AMA：https://twitter.com/i/spaces/1OyJAWBjEDeKb
09:30 Introduction of Christian, Head of BD & Marketing from Mind Network
11:08 Exploring Mind Network: Revolutionizing Web3 with FHE
17:20 Origins of the Journey: A Path through Ethereum Fellowship
19:00 Mind Network’s Unique Solutions: Innovating in Web3
26:00 Milestones and Achievements of Mind Network
29:30 Advancements in Cryptography, AI, Security, and Decentralization: A High-Level Overview

Key Highlights of the Episode

Exploring Mind Network: Revolutionizing Web3 with FHE

Fully Homomorphic Encryption (FHE): Mind Network pioneers FHE technology, allowing data encryption while enabling third-party computation without decryption, ensuring data security and privacy.
Diverse Applications in Web3: Mind Network’s FHE finds applications in various Web3 projects, ranging from data lakes for comprehensive credit ratings to asset transfers with enhanced confidentiality, offering decentralized solutions with verifiability.
AI Network Security: Leveraging FHE, Mind Network enhances security in AI networks by encrypting data, preventing validators from copying predictions, thereby safeguarding against manipulation and ensuring network integrity.
Restaking Protocols: Mind Network extends security in restaking protocols by integrating FHE, mitigating risks and bolstering confidence in staking mechanisms within Web3 ecosystems.

Origins of the Journey: A Path through Ethereum Fellowship

Vitalik’s Vision: Vitalik Buterin identified privacy as a critical challenge for Ethereum, inspiring the inception of Mind Network as a solution-oriented project within the Ethereum ecosystem.
Ethereum Fellowship and Grant: Mind Network’s commitment to decentralization led to their participation in the Ethereum Fellowship program, winning grants and recognition, affirming their alignment with Ethereum’s ethos and goals.

Mind Network’s Unique Solutions: Innovating in Web3

Focus on Product Market Fit: Emphasizing the importance of product-market fit, Mind Network bridges the gap between Web2 and Web3, addressing privacy and security concerns.
Collaboration with Chainlink: Mind Network collaborates with Chainlink to provide encryption solutions for the Cross-Chain Interoperability Protocol (CCIP), ensuring confidentiality in messaging layers and bolstering security for institutional transactions.
FHE Integration in AI Networks: Leveraging Fully Homomorphic Encryption (FHE), Mind Network explores use cases in AI networks, offering encrypted predictions to prevent manipulation and enhancing consensus mechanisms for complex computations.

Milestones and Achievements of Mind Network

Mind Network launched its testnet a couple of months ago, marking a significant milestone in its development.
Mind Network’s social media followers are approaching nearly a million!
Over 600,000 active wallets and almost 3 million transactions.

Advancements in Cryptography, AI, Security, and Decentralization: A High-Level Overview

Restaking Announcement: Watch out for our upcoming announcement on a new feature for the restaking community, reinforcing decentralization and security through strategic partnerships.
DECC Emergence: FHE’s rise parallels ZK’s trajectory, paving the way for DECC, integrating FHE, ZK, and MPC for end-to-end encryption solutions in Web3.
HTTPZ Vision: Zama’s “master plan” envisions HTTPZ, a zero-trust protocol powered by FHE, ensuring data integrity and security at every transmission stage, reshaping the web’s privacy landscape.
Web3 Solutions for Web2 Challenges: Web3 products offer transparent data aggregation, fair model distribution, and user rewards within AI networks, addressing centralization concerns prevalent in Web2.
UX and Adoption Focus: Efforts are underway to bridge the gap between Web2 and Web3, emphasizing user-friendly interfaces and seamless experiences to facilitate widespread adoption of decentralized technologies.

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.

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