Published: Feb 02, 2022

Nym (NYM)

Website

Status

IEO

The Nym protocol is open-source, decentralized, permissionless and incentivized, and will allow developers to build applications that provide users with strong guarantees against metadata leakage, at both the level of network traffic, and of authentication and payments.

Nym raises $13M in funding round led by A16Z Crypto. (Details)

Nym raises $6 Million

Nym Technologies Raises $2.5 Million

Whitepaper

Onepager

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Interest lvl

High

Updated: May 26, 2023

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User Rating

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4.5/5 • 8 votes

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Ticker

NYM

Registration countrySwitzerland

Registration year2018

Office addressPlace Numa-Droz, Neuchâtel, 2000, CH

Launchpads

Coinlist

Ecosystems

Cosmos

What is Nym

You should not have to worry about surveillance. Privacy should simply be the default of the internet. But due to the way the internet operates today, the consequences of surveillance threaten all of us, from stolen funds and identities to profiling and human rights violations.

Use Nym to get network-level privacy. Nym protects against even the most powerful network adversaries that can observe every packet going in and out of your internet connection. With Nym, you can use the internet without fear of being watched.

Nym Roadmap

2018 Inception

Nym’s inception in the fall of 2018 at the Binance Incubator program

2019 Fundraise and prototype

2.5M CHF pre-seed funding round closed
Initial prototypes in Go
Litepaper launched
Launched first version of decentralized mixnet with developers docs

2020 Tokenized Testnet

Mixnet rebuilt in Rust for performance improvements
First tokenized testnet opened to the public at Chaos Computer Congress, mixnodes were onboarded
Decentralized Nym’s directory authority using Tendermint

2021 Road to Mainnet (Milestone 1)

6M CHF series A funding closed
Launch of Nym Network Explorer
Launch of Nym Block Explorer and web wallet
Onboarding Validators and Gateways
Proof of Mixing (Mixmining) and delegated staking mechanism
Building Nym private credentials and Decentralized Public Key Infrastructure (dPKI)
Nym cryptoeconomics
Mainnet

2022 Client Apps and Adoption (Milestone 2)

Improving on Sphinx format and SURBs
Building Nym client applications and GUIs, including wallet, dashboard Wallet integrations
Support for authentication services using the Nym Credentials
Support for private messaging applications and cryptocurrency transactions

2023 Enterprise use-cases and institutional adoption (Milestone 3)

High speed mixing for handling everyday private internet usage.
Build Nym into network stack (see TARANET)
Support for decentralized VPNs
Standardize core components of Nym at standard bodies like the IETF
Integrations with partners with credentials and mixnets to diversity and build user-base