Seven web3 companies have come together to form an alliance to focus on spreading awareness about the importance of data privacy.
Web3 companies, including p0xeidon labs, Nym Technologies, Secret Network from SCRT Labs, Orchid, Railgun, Status and Oasis Foundation’s Oasis Network, formed the Universal Privacy Alliance (UPA) after the US sanctions on coin mixer Tornado Cash.
According to the group's official statement, their aim is "to protect privacy regardless of the blockchain or technology stack."
They also said that the formation of the group is a positive step towards the foundation for privacy at the native level, thereby providing the security and democracy emerging technologies need to thrive.
Additionally, the group has also opened the UPA Legal Defense Fund. This fund has been created to defend the right to "experiment, build, and use full-stack privacy technologies."
In its statement, the UPA also added that "this move comes amidst a rising tide of censorship,...
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