Fhenix, an Ethereum Layer 2 network developer, secures $15 million in Series A funding led by Hack VC. With a total funding of $22 million, Fhenix introduces Helium, an open testnet enabling “confidential” smart contracts. Employing fully homomorphic encryption (FHE) technology, Fhenix aims to enhance data confidentiality. CEO Guy Itzhaki anticipates Fhenix’s mainnet launch in Q1 next year, offering grants to entice developers to its testnet.
