Nocturne, a protocol for on-chain private accounts, has raised $6 million in a seed funding round.
- The round was co-led by Bain Capital Crypto and Polychain Capital, with participation from Vitalik Buterin and other members of the Ethereum community.
- The company plans to launch on the mainnet within the next month. Nocturne aims to enable private accounts on public blockchains by combining stealth addresses, zero-knowledge proofs, and account abstraction.
- This will provide asset privacy while maintaining the functionality of conventional Ethereum accounts.
- The funding will be used to accelerate the deployment of Nocturne’s protocol and support legal work in the changing regulatory environment.
- The initial launch will offer a non-custodial privacy option for retail users and allow for integrations with wallets, payment companies, and strategic partners.