Nocturne Raises $6M From Vitalik Buterin, Polychain, Bankless and Bain Capital Crypto to Enable Private Accounts on Ethereum
Nocturne, a protocol enabling private accounts on public blockchains, has raised millions from prominent players in the Ethereum ecosystem, aiming to go live on the mainnet in the coming weeks.
Launched earlier this year, Nocturne today announced its $6 million seed funding round co-led by Bain Capital Crypto and Polychain Capital, with participation from Ethereum co-founder Vitalik Buterin and “other members of the Ethereum community.”
Other investors include Bankless Ventures, HackVC, and Robot Ventures, according to the press release.
The company will use the funds to accelerate the production of Nocturne’s protocol and its deployment across “various ecosystems,” it said.
Furthermore, it will help fund legal work in the continuously changing regulatory environment.
The company previously raised $4.6 million.
Nocturne Labs is a blockchain technology company working to address “the most critical privacy and user experience challenges” within the Ethereum ecosystem.
Its users can transact with built-in privacy via private accounts, marking “a substantial stride in advancing the usability of public blockchains,” Nocturne stated.
Luke Tchang, CEO and co-founder of Nocturne, argued that,
“Onchain privacy solves a key pain point for many existing users, enables new use cases, and allows new players to enter our industry.”
The company plans to launch on mainnet in a matter of weeks – but not in the USA. Per the spokesperson,
“Mainnet launch is anticipated to occur some time within the next month. The product will initially not be available to US users.”
The press release noted that this initial launch will provide a compliant, non-custodial privacy option to retail users.
It will allow integrations with wallets, payment companies, and
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