Nillion
Nillion is building a public network based on the invention of a new cryptographic primitive, Nil Message Compute (NMC)
Nillion is building a public network based on the invention of a new cryptographic primitive, Nil Message Compute (NMC)
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Nillion issued a warning after spotting multiple fake tokens impersonating its Ethereum contract address 0x7Cf9a80db3B29eE8efE3710AadB7b95270572d47. The team confirmed that this is the only legitimate contract and urged users to verify addresses before trading.
0x7Cf9a80db3B29eE8efE3710AadB7b95270572d47
Nillion unveiled its seven-phase roadmap for Encrypted Markets, laying out the phased path for its encrypted-trading vision. The roadmap sets the sequence of phases that build toward privately settled onchain trading, with Dusk on Sepolia as an early step in that plan.
The announcement came as part of Nillion's August recap, which also covered the launch of $NIL on Hyperliquid and Upbit and the new website. Founder John Alan Woods shared the full seven-phase plan directly.
Nillion launched its new website, now the home of Encrypted Markets. The refresh bundles Nillion's encrypted-trading roadmap and product material in one place, alongside its earlier detailed article on Covenants, the primitive behind Encrypted Markets.
Dusk is now live on the Sepolia testnet, marking the first live phase of Nillion's Encrypted Markets roadmap. Dusk brings the Covenants primitive to Ethereum L1, letting traders post instructions onchain in encrypted form and keep them sealed until a price or time condition is met. The posts detail the mechanic — for instance, a trade instruction can be posted now, encrypted, and remain unreadable until a condition like BTC hitting $80k triggers it, even though observers can see a Covenant was posted.
Nillion positions Dusk as the first venue built on the Covenants primitive, which it describes as the core of Encrypted Markets, allowing trading intent to stay private by default. The rollout includes an announcement and a live experiment link for developers on Sepolia.
The $NIL token is now listed on Upbit, one of South Korea's largest cryptocurrency exchanges. Nillion shared a reminder that NIL trading is live on the platform following the listing.
Nillion has launched $NIL on Hyperliquid, connecting it to one of crypto's most active trading ecosystems, and integrated with Chainlink CCIP to securely bring the token there. Nillion describes the move as another step toward making NIL accessible across the onchain economy and enabling transfers across networks.
Nillion's $NIL token is now live for spot trading on HyperliquidX, the derivatives and trading-focused blockchain. The listing marks another venue where NIL is accessible alongside its existing ecosystem.
Nillion launched its alpha mainnet and the NIL token generation event, making the network live with capabilities for privacy-preserving blind computation and storage. The NIL token began trading on exchanges the same day.
Nillion raised $25 million in a funding round led by Hack VC, with participation from Arbitrum, Worldcoin, Sei, and other venture firms and angel investors. This brought Nillion's total funding to over $50 million to expand its decentralized 'blind computing' network.
Nillion closed an oversubscribed seed round of more than $20 million, led by Distributed Global, with participation from Big Brain Holdings, Chapter One, Hashkey, and over 150 other investors, to build a non-blockchain decentralized network for private data storage and computation.