The COTI Foundation will utilize a $100 million development fund to drive a series of key use cases, distributed in the form of COTI tokens

The COTI Foundation announced that it will utilize a $100 million development fund, distributed in the form of COTI tokens, to focus on driving a series of key use cases.

The fund will primarily concentrate on data security applications built through Multi-Party Computation (MPC) and will support developers in exploring and building data security applications that were previously unattainable.

The first successful demonstration of garbled circuits on-chain in the COTI V2 ecosystem will provide transaction confidentiality for Ethereum, 250 times lighter and 1000 times faster than other market privacy solutions.