Privacy-focused public chain MOBLUS STRIP completes $50 million strategic funding round, led by Ventures

Odaily reports that the privacy-focused public chain project MOBLUS STRIP has announced the completion of a $50 million strategic funding round, led by Ventures. According to the project, the funding round closed after a six-month technical due diligence period. Due to oversubscription, the project has initiated a new round of institutional financing.

It is reported that MOBLUS STRIP is a privacy-focused public chain project under the Web3 industry ecosystem alliance Crypto Oasis. It natively integrates zero-knowledge proofs, ring signatures, and a distributed coin mixing protocol, and is equipped with five decentralized application solutions. The project aims to provide privacy and security support for EVM-compatible blockchains and enterprise systems without the need for a hard fork.