HOPR secures more than $1M in Web3 ecosystem grants

Privacy is an often overlooked component of Web3 and the crypto vision. Popular decentralized apps (DApps) such as Uniswap and MetaMask leak vast amounts of identifiable and exploitable metadata — even before making a transaction, and in some cases before fully opening the DApp.

HOPR’s incentivized and scalable private mix network lets users earn its native token, HOPR, as an incentive for running nodes that anonymously and securely relay data to other network members using the project’s proof-of-relay system. This allows users to send data to other users without exposing vital metadata such as their IP addresses.

The problem of metadata and IP privacy is prevalent in every layer of crypto, from users accessing DApps via their browsers to the way transactions are approved and grouped into blocks by miners and validators. 

HOPR recently announced it has received more than $1 million in ecosystem grants from Web3 projects and has established working partnerships with several more. Notable funds come from Edge & Node, Dusk Network, Ankr and Harmony, with more collaborations to be announced soon.

In addition to the grants, HOPR has announced it will be:

• Balancing data transparency with privacy for node runners for truly decentralized data-indexing and infrastructure provision with Ankr, The Graph and Pocket Network
• Adding essential transport-level privacy to the on-chain privacy of Dusk Network, Panther Protocol and Tornado Cash
• Providing essential privacy to stop layer–0 disruption and attacks on layer-1 blockchains with Gnosis, Polygon, Harmony and Near.

HOPR is also onboarding independent developers into its ecosystem. Thanks to a new suite of API and developer tools, developers can build the first fully private DApp prototypes on top of HOPR. This initiative was supported by $15,000-worth of bounties at the ETHDenver Buildathon, endowed by the HOPR decentralized autonomous organization (DAO).

(Press release / SK)