Enigma has closed a $70 million seed round, one of the largest ever seen in the crypto ecosystem. The round was led by Index Ventures and Ribbit Capital, with participation from Conviction Partners, Sarah Guo’s firm specializing in frontier technology and artificial intelligence investments. No product details, valuation, or token have been disclosed publicly. The amount remains exceptional in a sector where typical seed rounds range from $1 million to $5 million. The involvement of top-tier institutional investors suggests a compelling product vision was presented behind closed doors.
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