More and more people are realizing the importance of privacy, particularly in web3. Front-running attacks plague multiple blockchains. Sophisticated users want to hide their financial holdings and trading strategies while still reaping the benefits of the DeFi ecosystem. While there has been an explosion of web3 companies, privacy is needed

Fully homomorphic encryption (FHE) is a fabled technology that allows for arbitrary computation over encrypted data. With privacy as a major focus across tech, FHE fits perfectly into this new narrative and is relevant to disparate fields from public distributed ledgers to machine learning.