Bybit x Mind Network AMA: Unpacking FHE in Web3

This AMA features Christian Pusateri, CEO of Mind Network, a project revolutionizing data security with FHE—a cryptographic tech that allows computations on encrypted data without decryption. Expect insights into how FHE powers quantum-resistant privacy for AI and decentralized apps. Bybit’s hosting this on X Spaces, aiming to educate the community on secure Web3 solutions. A prize pool adds extra incentive, making it a great chance to engage directly with innovators.

Recent News

Mind Network has been making waves! In 2024, they secured $13M in funding from Binance Labs, boosting their mission to secure Web3 data (CoinMarketCap, 2025). They also partnered with BNB Greenfield for decentralized storage, integrating FHE to ensure data privacy (Mind Network Medium, 2023). These milestones highlight their growing influence in the Web3 space.

Future Plans

Mind Network is building the Zero Trust Internet Transfer Protocol (HTTPZ), aiming to create a fully encrypted internet for AI and data computation. Their roadmap includes expanding FHE use cases in AI-agent wallets and multi-agent collaboration, targeting a self-sustaining AI economy in Web3 (Mind Network Official Website, 2025).

Onchain Data

As of May 2025, Mind Network’s token, FHE, trades at $0.1005 with a 24-hour volume of $46.9M, ranking #783 on CoinMarketCap. It’s down 2.81% in the last 24 hours, reflecting broader market trends (CoinMarketCap, 2025). Onchain metrics like wallet activity aren’t publicly detailed, but their trading volume signals steady interest.

Community Sentiment

X reactions to the AMA are positive, with users like @joel_web3 saying they’re “anticipating” the event. Others are promoting unrelated projects, but the overall vibe is curious and engaged, with no major red flags (X Post Replies, 2025).

Why It Matters

FHE could redefine Web3 privacy, especially as quantum computing threats loom. This AMA bridges education and innovation, spotlighting a tech that competitors like Zama are also exploring (Zama.ai, 2025). For users, it’s a chance to learn about secure AI and data tools.

Risk Disclaimer

Crypto events can attract scams—verify links and avoid sharing personal info during the AMA.