According to Foresight News, Nexus tweeted that it has now launched Testnet III in the United States, Vietnam, Nigeria, Russia, India, Indonesia, the United Kingdom, Hong Kong, and mainland China. The official announcement states that Testnet III will run for several weeks.
In June 2024, Nexus Labs completed a $25 million Series A funding round, led by Lightspeed Venture Partners and Pantera Capital. Nexus Labs is dedicated to building zero-knowledge privacy tools to support technologies such as artificial intelligence, cybersecurity, and cloud computing.