What is Nillion (NIL)? A decentralized computing network that secures high-value data

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03-21
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Nillion NIL
Nillion NIL

What is Nillion?

Nillion is a decentralized computing network that helps process and secure high-value data (High Value Data – HVD) such as AI data, biometric data, medical information, personal identity, and financial transactions. Instead of requiring data decryption for processing like traditional models, Nillion applies Multi-Party Computation (MPC) technology, allowing direct computation on encrypted data without revealing information.

Nillion Website
Nillion Website

Unlike traditional blockchains that protect transaction data, Nillion aims to protect the actual data content – opening a new step in decentralized data management and processing models.

What Problems Does Nillion Solve?

Challenges with High-Value Data:

  • Need for safe and secure long-term storage.
  • Unable to compute on data without decryption, creating potential vulnerabilities.
  • Lack of effective and highly secure decentralized management mechanism.

How Nillion Solves:

  • Using MPC, FHE, ZKP to protect data while allowing processing.
  • Eliminating decryption-re-encryption processes.
  • Distributing data and processing through decentralized node networks, avoiding centralized control.

Prominent Technology and Operating Model

Nillion's Operating Model
Nillion's Operating Model
Nillion Architecture Model
Nillion Architecture Model

Nillion has a two-layer architecture:

  • Coordination Layer (NilChain): Built using Cosmos SDK, serving as a platform for developing secure (blind) applications.
  • Orchestration Layer (Petnet): Uses MPC, ZKP, FHE to process data even when encrypted – ensuring maximum safety and privacy.

This technology not only secures but also increases efficiency, helping Nillion serve well in areas like AI, DeFi, SocialFi, healthcare, and identity recognition.

Ecosystem and Applications

Nillion Ecosystem
Nillion Ecosystem

Currently, over 50 projects from various fields such as AI, DePIN, DeFi, SocialFi, etc. have integrated or plan to build on the Nillion network.

Specific applications:

  • AI calculates on data without revealing information.
  • SocialFi is safe with hidden identity.
  • Financial services do not require third-party data verification.

Nillion ($NIL) Token Information

NIL Token Metrics

Token Metrics NIL
Token Metrics NIL
  • Token Name: Nillion
  • Ticker: NIL
  • Blockchain: Nillion
  • Token Type: Utility & Governance
  • Total Supply: 1,000,000,000 NIL

NIL Token Distribution

Token Distribution Nillion
Token Distribution Nillion
  • Investors: 21.5%
  • Ecosystem & Partners: 21%
  • Community: 20%
  • Team: 20%
  • Treasury: 17.5%

NIL Token Release Schedule

NIL Token Release Schedule
NIL Token Release Schedule

NIL Token Utilities

  • Staking: Network security.
  • Payment: Use services in the ecosystem.
  • Rewards: For nodes, verifiers, data contributors.
  • Governance: Vote on platform development decisions.

Trading Platforms

The $NIL Token is currently listed on Binance Launchpool, with staking pools including BNB, FDUSD and USDC, running from 21/03 to 24/03/2025.

Investor & Fundraising

Investors in Nillion
Investors in Nillion
  • 12/2022: Raised $20M in Seed round led by Distributed Global (HashKey, AU21, GSR,…).
  • 10/2024: Raised additional $25M in new round led by Hack VC (including Arbitrum, Worldcoin, Sei).
  • 06/2024: ICO on Coinlist, sold 50 million tokens at $0.4/token (raised $20M).

Project Team

Andrew Masanto_Co Founder Nillion
Andrew Masanto_Co Founder Nillion
  • Andrew Masanto – Co-founder: Previously founded Hedera Hashgraph and Reserve Protocol.
  • Miguel de Vega – Co-founder & CSO: Cryptology expert, previously CTO at Sedicii (ZKP + MPC).
  • Alex Page – CEO: Experience from Goldman Sachs, Hedera, founder of multiple startups and investment funds.

The Nillion team brings together experts from Google, Coinbase, Uber, Nike, Amazon,… with solid technical foundations and practical deployment experience.

Development Roadmap

Roadmap Nillion
Roadmap Nillion
  • 2023–2024: Launch testnet, expand verifier community, attract partners to build ecosystem.
  • 2025: Launch mainnet, open staking and governance programs, develop tools for AI & dApp.

Airdrop & Community Program

  • Nillion has launched a Verifier Program for early community contributions, running testnet nodes, staking ETH on smart contract, and earning Impact Score – potentially used as a basis for future airdrop.

Project Information Channels

Summary

Nillion is pioneering decentralized data processing with privacy protection technology, providing the ability to process sensitive data safely and efficiently. With an expanding ecosystem, high-quality team, and breakthrough technology, Nillion promises to become a new infrastructure layer for Web3, AI, and decentralized financial services. This is a project worth watching in the Web3 data security wave.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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