March 12, 2025
GnosisDAO has approved an additional $4.8 million investment to support the continued development of Gnosis VPN, an initiative designed to enhance on-chain privacy. The decision follows a governance vote that reached quorum, signaling broad community backing for the funding. HOPR, a decentralized privacy infrastructure provider, is leading the project’s in-house development. The funding will be distributed over two years to launch a consumer-ready application.
The Gnosis VPN project was initiated last year through a partnership between Gnosis and HOPR, with an initial $1.5 million investment securing Gnosis a share of the HOPR Association’s treasury. The VPN aims to offer a censorship-resistant and privacy-preserving internet browsing solution. The proof-of-concept version, currently available as a browser extension, enables users to obscure their IP addresses and metadata through HOPR’s mixnet technology. However, further technical advancements are required to achieve full decentralization and wider accessibility. The additional funding will support research into cryptographic solutions, mobile and desktop application development, and network expansion from approximately 500 nodes to thousands.
As part of the agreement, HOPR will offer GnosisDAO a 30% discount on HOPR tokens, which can be purchased at a time-weighted average price over 90 days after each payment installment. The funding model aligns with GnosisDAO’s strategy of supporting decentralized, open-source technology. No proprietary intellectual property or revenue fees will be retained by HOPR, ensuring that value generated from the VPN remains within the network. The project will also integrate with Gnosis’ Circles v2 identity framework to streamline onboarding. The governance vote remains open until Wednesday, with strong approval observed so far.
About HOPR
HOPR is a privacy infrastructure project developing mixnet technology for secure and anonymous communication. It enables users to protect their metadata online by decentralizing network traffic and eliminating centralized control over user data.
Website: https://hoprnet.org/
X: @hoprnet
About Investor
GnosisDAO
GnosisDAO is a decentralized governance organization that oversees the development and growth of the Gnosis ecosystem. It funds and maintains projects focused on decentralized finance, identity solutions, and blockchain infrastructure, including Safe Wallet, Gnosis Pay, and CoW Swap
Location:.Gibraltar
Website: https://www.gnosis.io/dao
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
コメント