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Nillion's NIL Dips 12% After Debut; Analyst Believes Network's 'Blind Computing' Holds Promise for Data Privacy, AI

CoinDesk LogoCoinDesk3d ago

Nillion's NIL Dips 12% After Debut; Analyst Believes Network's 'Blind Computing' Holds Promise for Data Privacy, AI - CoinDesk

Quick Summary:

The NIL token is the governance cryptocurrency of Nillion, used to pay network fees for blind computation and payments, and is designed to drive demand as usage scales.

NIL debuted with a total supply of 1 billion, of which 19.52% or 195.15 million NIL were airdropped to the community on the first day, resulting in an at-inception market capitalization of just over $165 million.

If Nillion can make it as easy to use as it is powerful, they'll be powering the next wave of AI adoption," Yau Teng Yan, founder and chief evangelist at research firm Chain of Thought said in a detailed post on X.

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Nillion's NIL Dips 12% After Debut; Analyst Believes Network's 'Blind Computing' Holds Promise for Data Privacy, AI - CoinDesk (Picture 1)

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Article Details

Author / Journalist: Omkar Godbole

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-25 @ 06:38:36 (3 days ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 459 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 27310405

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About CoinDesk

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Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 23 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 11 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #8

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