Universal FHE protocol octra completes $4 million Pre-Seed round of financing, led by Finality Capital

Odaily News According to official news, the general FHE protocol octra announced the completion of a $4 million Pre-Seed round of financing, led by Finality Capital, with participation from Big Brain Holdings, Karatage, Presto, Builder Capital, etc. In addition, octra announced that it has released a public WASM sandbox to demonstrate the efficiency of hypergraph in FHE. The architecture of octra is based on "circles", an independent execution environment. Within circles, developers can build back-end logic of any complexity for web2 and web3 applications. Coupled with a custom consensus using ML for node selection and a combination of PoW and PoS, the network provides security for personal data. Currently, octra is in the final stages of development, and the mainnet is expected to be launched next year.