GnosisDAO Invests in HOPR to Develop GnosisVPN: A Decentralized Web3 VPN – Blockonomi

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GnosisDAO, the community behind the EVM-compatible layer 1 Gnosis Chain, has announced a strategic investment of US$1.5M and 500 GNO tokens in HOPR, a pioneer in providing fully private, uncensorable data exchange between peers.

The investment will facilitate the development of GnosisVPN, a fully decentralized Web3 VPN built on HOPR’s incentivized private mixnet.

TLDR

• GnosisDAO has decided to invest US$1.5M and 500 GNO tokens in HOPR to develop GnosisVPN, a fully decentralized Web3 VPN on an incentivized private mixnet.
• GnosisVPN will utilize HOPR’s mixnet technology to enhance data privacy and strengthen the resilience of decentralized infrastructure and services in the Gnosis ecosystem.
• The investment aligns with Gnosis’ commitment to building scalable and accessible infrastructure and services for individuals, prioritizing privacy and safety.
• The development of GnosisVPN follows a series of recent advancements from Gnosis, including uRamp, Gnosis Pay, and the integration of Hashi.
• Gnosis Chain has surpassed 200,000 validators, solidifying its position as the second-largest blockchain validator community globally.

The decision to invest in HOPR and develop GnosisVPN aligns with Gnosis’ commitment to building scalable and accessible infrastructure and services for individuals while prioritizing privacy and safety.

By utilizing HOPR’s mixnet technology, GnosisVPN aims to enhance data privacy and strengthen the resilience of decentralized infrastructure and services within the broader Gnosis ecosystem.

Mixnets, short for Mix Networks, are an anonymity solution that keeps information sent over the internet private and secure by mixing up data from different sources before sending it to its destination.

HOPR’s incentivized private mixnet is the first of its kind, ensuring that node runners receive fair compensation for their valuable service.

Friederike Ernst of Gnosis emphasized the importance of privacy for the future of an open and equitable internet, stating that while privacy is not a native element of most blockchain technologies, it can be layered and interwoven into Web3.

GnosisVPN will initially deliver a service tailored to the requirements of typical Gnosis users, with a clear route towards adoption by the several billion users who currently use traditional VPNs with centralized chokepoints.

Supporting the development of a structurally superior decentralized alternative aligns with the overarching Gnosis 3.0 initiative, which aims to apply Web3 services for practical needs.

Sebastian Bürgel, Founder of HOPR, highlighted the close alignment of values between HOPR and Gnosis, with both projects sharing a steadfast commitment to furnishing infrastructure and services catered to individuals.

Building on a longstanding history of collaboration between the two projects, GnosisVPN represents one of GnosisDAO’s largest investments, solidifying their joint commitment to building scalable and accessible infrastructure and services for individuals.

This milestone follows a string of recent developments from Gnosis, including the introduction of uRamp, a platform aimed at streamlining transactions between on-chain assets and traditional fiat currencies, and Gnosis Pay, the world’s first decentralized payments network.

Earlier this month, GnosisDAO voted for the integration of Hashi, upgrading Gnosis Chain’s canonical bridges and setting a new standard for cross-chain security.

As of March 2024, Gnosis Chain surpassed 200,000 validators, solidifying its position as the second-largest blockchain validator community globally.

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