COTI launches a $25 million ecosystem growth fund to promote privacy protection

The COTI Foundation announced that it will allocate $25 million through its ecosystem fund to promote the development of privacy-focused initiatives.

Soda Labs, a participant in the field of secure multi-party computation (MPC), is the first to receive this funding. Soda Labs will lead research efforts to expand the practical applications of encryption protocols and other cutting-edge MPC protocols, ensuring a secure and scalable privacy network for COTI users.

Avishay Yanai from Soda Labs stated, "We have long advocated for innovation behind secure MPC and encrypted circuits. With the trust vote from the COTI Foundation, we can continue building privacy tools needed for the next generation web3."