Ethereum L2 Fhenix completes $15 million Series A financing, led by Hack VC.

according to The Block, Ethereum L2 Fhenix has announced the completion of a $15 million Series A funding round, led by Hack VC, with participation from Dao5, Amber Group, Primitive Ventures, GSR, Collider Ventures, and Stake Capital. To date, the company's total funding has reached $22 million. It is reported that Fhenix has announced the launch of its open test network, named Helium (originally planned to be named Renaissance), allowing developers to deploy "confidential" smart contracts on the Fhenix Layer 2 network.

Additionally, the Web3 asset data platform RootData shows that Fhenix is the first blockchain powered entirely by fully homomorphic encryption. By using fhEVM, Fhenix enables Ethereum developers to seamlessly build encrypted smart contracts and perform encrypted data computations while using Solidity and other familiar and easy-to-use tools.