As we all know, I have been saying that AI is a hot topic and trend. In today's rapid development of AI technology, data privacy and security have become significant bottlenecks for large-scale promotion of technology, akin to a big stone blocking the road, which must be moved aside to proceed. This project is one that you cannot afford to miss!
Traditional encryption technology can only protect the storage and transmission of data, while the risk of plaintext exposure during the computation process always exists. Mind Network is making a significant change from 'only giving data armor' to 'ensuring even the computation process is tightly wrapped' with its self-developed Fully Homomorphic Encryption (FHE) technology, establishing a reliable foundation for the future of AI that is both secure and immune to manipulation.
Today, let's take a comprehensive look at Mind Network!
One, what exactly is Mind Network?
Mind Network was established in 2022, with core team members from cryptography, blockchain, and artificial intelligence backgrounds. At that time, Web3 and AI were just beginning to gain traction, and issues of data security and privacy were becoming increasingly pronounced. Mind Network leveraged FHE (Fully Homomorphic Encryption) technology to build a secure and efficient network platform, aiming to lead Web3 into a new era capable of resisting quantum attacks with full-process encryption.
It is focused on creating a 'trust operating system' that allows AI assistants (Agents) capable of making decisions to work safely within it.
Two, what makes Mind Network's products special? AgenticWorld platform
This is a personalized simulation environment designed specifically for Agentic AI launched by Mind Network.
Here, users can stake $FHE tokens to activate and train Agentic AI.
Currently, during the limited-time event, staking 10 $FHE can activate it, but the standard will rise to 100 after the event ends.
Upon activation, users can train at both basic and advanced levels within the platform. The basic training allows users to perform operations like (consensus), (decryption), and (random number generation) to earn rewards, with expected annualized returns reaching FHE.
Moreover, AgenticWorld features a structured and transparent staking system. After activating Agentic AI, there is an initial lock-up period of 30 days (maturation period) during which the staked principal and rewards are locked. After 30 days, users can submit withdrawal requests for rewards at any time, but there will be a 48-hour unbinding period during which no earnings will be accrued. Users can also choose to destroy an Agent, releasing the staked $FHE tokens and rewards.
Three, what technology does Mind Network rely on to achieve these functions?
Fully Homomorphic Encryption (FHE) technology
FHE technology can be considered the 'ultimate magical tool' in cryptography! In simple terms, it allows various computations to be performed directly on encrypted data, with results remaining encrypted, eliminating the need to decrypt data throughout the process, thereby firmly protecting privacy and security.
Previous encryption technologies required data to be decrypted during computation, which was akin to opening the door to thieves and could easily lead to data leakage. But FHE is different; even when multiple institutions collaborate on data processing, everyone's data is computed in an encrypted state, and only authorized key holders can see the final plaintext, effectively providing data with an 'automatic insurance lock.'
Within Mind Network, FHE technology serves as the 'secure foundation' for the entire system, with all security features built around it. Through a layered architectural design, it has implemented a protocol ensuring full encryption from data emission to reception and has developed HTTPZ, a new internet transmission method that 'does not trust anyone at all.'
Specifically, the security layer consists of multiple independent FHE verification modules, akin to a group of 'encrypted security guards' monitoring the data 24/7; the consensus layer is a Rollup chain developed by Mind Network in collaboration with AltLayer and EigenDA, ensuring consensus in the FHE verification process to avoid any misconduct; and Mind Network's Hub is built on FHE, serving as the 'core base' for AI training and task execution in AgenticWorld.
Thanks to FHE technology, Mind Network has achieved numerous impressive results, including FHE verification mechanisms, FHE consensus algorithms, FHE cross-chain bridging technology, and the world's first FHE blockchain, MindChain. These innovations address a host of issues related to data security, communication security, computational security, and consensus security within the Agentic AI ecosystem, enabling the entire system to protect privacy while facilitating secure collaboration.
HTTPZ Protocol
HTTPZ is a new generation Internet transmission protocol developed by Mind Network in collaboration with ZAMA, fundamentally relying on FHE technology to ensure full-process encryption of data from sending to receiving, making it a '360-degree uninterrupted encryption bodyguard.'
Let's compare traditional HTTP and HTTPS:
· HTTP is like data running naked online, anyone can eavesdrop or even tamper with it, making its security practically zero;
· HTTPS is like giving data a 'transmission coat'; it is encrypted during transmission, but when it reaches the server for processing and storage, the 'coat' must be removed (decrypted), creating a risk of data exposure, akin to 'only preventing theft on the road but not at home.'
· However, HTTPZ is exceptional because it wraps data in 'encryption armor' using FHE technology from start to finish, maintaining encryption throughout the transmission, storage, and computation processes, truly achieving 'data is always armored, and no one can see clearly.'
Moreover, traditional HTTP and HTTPS rely on a 'trust model', essentially assuming that 'the server and intermediaries are good actors', but HTTPZ operates on 'zero trust'—regardless of who you are, every request and data interaction must go through strict validation, much like going through security checks; unauthorized individuals are not allowed to access the data. This characteristic is perfectly suited to the new technologies of decentralized blockchain, AI, and quantum computing, as these fields require 'decentralization', 'tamper-resistance', and 'quantum attack resistance', while outdated HTTP and HTTPS cannot withstand these demands—only HTTPZ can provide a security umbrella for them.
Four, what is the Mind Network ecosystem like?
In AI storage, Mind Network collaborates with projects like IPFS, Arweave, and Greenfield to provide privacy-focused AI data storage services.
In AI computation, collaborating with io.net to bring FHE into the io.net distributed computing platform, enhancing product security and addressing global GPU shortages.
In AI reasoning, collaborating with Allora to achieve encrypted input and computation during the decentralized AI reasoning process, while validating outputs to establish trust.
In AI security, collaborating with Swarms to launch a decentralized enterprise-grade AI computing security system, Swarms Shield, ensuring secure communication and computation among multiple Agentic AIs.
Mind Network is also collaborating with the next-generation TEE infrastructure Phala Network, decentralized ZK-RaaS network Lumoz, modular identity and data layers for games and AI CARV, and decentralized AI foundational protocol KIP Protocol, combining TEE, ZK, and other technologies to leverage Mind Network's FHE Hub consensus verification advantages, creating next-generation secure zero-trust AI Agent solutions.
When creating a Hub or an Agentic AI, users can select suitable open-source agent frameworks based on their needs, whether popular Web2 LLM frameworks like LangChain / LangGraph, AutoGen, CrewAI, or Web3 frameworks like Swarms, AI16Z, Virtuals, enhancing AgenticWorld's collaborative capabilities between Web2 and Web3.
Five, what background information does Mind Network have? What is the investment situation?
Mind Network has completed a $12.5 million financing round, with $2.5 million in seed funding completed in 2023 and $10 million in Pre-A funding planned for 2024, with renowned institutions including Animoca Brands participating. It was also selected for Binance Labs' fifth season incubation program and Chainlink BUILD program, collaborating with Zama, Chainlink, and others on technical cooperation, and has released technical standards and products such as HTTPZ and MindV Hubs. The latest IDO project from Binance Wallet is Mind Network, which has received investment from Binance Labs.
Six, what does the token economic model of Mind Network look like?
$FHE is the native token of Mind Network, with a total supply of 1 billion tokens and an initial circulation of 24.9%. The distribution is as follows:
· Airdrop: 11.7%, 7.5% unlocked at TGE, 1% distributed in Binance wallet events, and the remainder released in future airdrops.
· Community: 30%, distributed within 60 months, encouraging user participation.
· Public Sale: 5%, fully unlocked at TGE.
· Investors: 20%, linear unlocking over 48 months, with a 12-month lock-up period.
· Team: 17%, linear unlocking over 48 months, with a 12-month lock-up period.
· Advisors: 1.3%, linear unlocking over 48 months, with a 12-month lock-up period.
· Liquidity: 5%, TGE deployment.
· Treasury: 10%, 1.5% released at TGE, with the remainder released linearly over 48 months.
$FHE has a wide range of uses in the ecosystem, enabling staking to activate and run Agentic AI, rewarding ecological contributions, paying service fees, and managing proposals through MindDAO and Hub-based ecosystems.
Seven, why should we pay attention to this project?
1. Technological innovation: Mind Network is the first project to apply FHE technology to 'achieve consensus among various AI assistants' (consensus management). Previous solutions were like a leaky house, allowing data to be easily viewed during transmission and processing, whereas this solution effectively locks data with full-process encryption—from transmission to computation. For example, in sensitive scenarios involving financial data processing, even if someone intercepts the data, they would only see a bunch of garbled text, making it impossible to steal real information.
Additionally, when a multitude of AI assistants need to collaborate, traditional methods of verifying data are cumbersome and slow, akin to searching through each package one by one. In contrast, FHE technology allows the system to quickly verify encrypted data while enabling all participating devices to reach a consensus, drastically enhancing efficiency. Most importantly, it fundamentally changes the trust mechanism—each participating device only needs to verify whether the encrypted data complies, without needing to know who the other party is or the specific content of the data, much like everyone wearing masks while working, ensuring fairness while protecting privacy.
2. Application potential:
In fields such as healthcare, finance, and distributed computing, Mind Network can be seen as a 'must-have player' that addresses many practical pain points:
Healthcare: Sharing patient data among hospitals is currently very difficult due to privacy concerns, but with FHE technology, it’s like adding an 'invisible protective shield' to medical data—hospitals can share encrypted patient records and genetic data with research institutions without exposing specific information, allowing them to collaboratively study diseases, accelerating the development of new drugs and optimizing personalized treatment plans, while firmly protecting patient privacy.
Fintech: Previously, financial institutions needed to exchange large amounts of sensitive data to assess risks, such as when several banks wanted to jointly examine a company's credit status, leading to potential data leaks. Now, with FHE, data is encrypted, and institutions can compute directly on the ciphertext, with only authorized parties able to decrypt the results, ensuring the efficiency of collaborative risk control without exposing core data. In DeFi (decentralized finance) scenarios, user transaction account information and fund flows can also be processed securely, alleviating concerns about being exploited.
3. Ecosystem development: The ecosystem is continually evolving, collaborating with numerous projects covering various aspects of AI, and supporting various open-source agent frameworks for both Web2 and Web3, showcasing strong collaborative capabilities. 4. Market performance: The $FHE token has performed well since its launch, with a 36.33% price surge within 24 hours post-launch on Binance Alpha, exceeding a 200% increase and breaking new highs, indicating strong market support for this project.
Mind Network possesses robust technology, numerous applicable areas, and strong partners in the community, coupled with a significant increase in token prices, making it clear to astute observers that this project has substantial potential.
If you're interested in how AI and blockchain can be integrated, how data privacy can be protected, or looking for opportunities in emerging technologies, this project is definitely worth your time to research and participate in early.
Let's watch it build a secure, efficient, and opaque AI future together, and perhaps even get a taste of the soup! Stay tuned for updates! (Note: All images and information are sourced from official channels.)
