Acurast Secures $11 Million Funding Ahead of Mainnet Launch

Acurast, backed by Gavin Wood and other investors, will debut its ACU token and smartphone-based decentralized privacy computing mainnet on November 17, leveraging a large active network and verified execution metrics.

Summary

Acurast announced raising $11 million from investors including Gavin Wood, with plans to launch its mainnet and ACU token on November 17. The platform enables verifiable privacy-preserving computation via smartphones, featuring tamper-proof execution and hardware verification. The network currently reports 150,000 active devices, 4.94 billion transactions processed, and 94,200 services deployed, highlighting its established operational base ahead of the launch.

Terms & Concepts
  • Decentralized Privacy Computing: A computing approach that enables privacy-preserving data processing without relying on centralized control.
  • Mainnet: The primary and fully operational blockchain network where real transactions take place.
  • Tamper-Proof Execution: A process ensuring that code runs without unauthorized alteration, maintaining trust and integrity.