NuCypher

NuCypher is a company specialized in cryptography that builds privacy-preserving infrastructure and protocols. It was founded in 2015 by MacLane Wilkison and Michael Egorov.

Wilkison, the Co-founder and CEO of NuCypher, has a background in technology and entrepreneurship. He was a software engineer at Morgan Stanley, where he worked on developing and implementing financial software. Egorov, the other Co-founder and CTO of NuCypher, is a physicist and data scientist with a Ph.D. in physics from the University of Michigan. He has a background in machine learning and data analysis, and he has worked as a data scientist at various companies, including LinkedIn.

The company has developed a decentralized threshold cryptography network that offers interfaces and runtimes for secrets management and dynamic access control. This allows developers to store, share, and manage private data on public blockchains. NuCypher's technology is designed to be used by a wide range of applications, including decentralized finance (DeFi), healthcare, and supply chain management.

NuCypher's business model is based on its native utility token, NU, which is used to pay for services on the network and to incentivize node operators to provide cryptographic services. The company has raised funding from a number of venture capital firms, including Polychain Capital, Fenbushi Capital, and Y Combinator.

In 2022, NuCypher merged with the Keep Network to form the Threshold Network, which is a decentralized network that provides a suite of cryptographic services, including a decentralized and permissionless bridge between the Bitcoin and Ethereum blockchains.

Keywords: decentralized, cryptography, secrets management, access control, data privacy, blockchain, web3, cybersecurity, encryption, threshold network