The Mina Ecosystem raised $92 million from FTX Ventures and Three Arrows Capital through strategic and private MINA sales, with FTX’s participation marking the venture fund’s first substantial investment in zero-knowledge-based smart contract technology.
[A thread 1/10] March’s ecosystem update featuring the latest progress by the #MinaCommunity is here!
An exciting update is that the Mina ecosystem has raised $92M to further support ecosystem growth and help Mina build the privacy and security layer for #Web3.
— Mina Protocol (@MinaProtocol) March 18, 2022
Mina bills itself as the world’s lightest blockchain, driven entirely by its users. It’s a Layer-1 blockchain that makes it simple to construct zero-knowledge smart contracts, or zkApps. The recent attention brought to zk-rollups as a scaling solution to Ethereum’s high gas prices has popularised zero-knowledge proofs (ZKPs).