Nillion price

NIL

#301

Nillion is the blind computer – a private computation and storage network for AI and data. The network uses PETs (Privacy-Enhancing Technologies) to enable computation and storage on data while maintaining privacy, making possible use cases like private personalized AI, encrypted databases, and privacy-preserving applications.

NIL is the native utility token of the network that is used for:

• Network fees for blind computation and payments across the Coordination Layer and Petnet

• Staking to secure the network

• Governance participation the onchain governance module
  
  

NIL enables access to Nillion modules and services such as:

• nilDB: an encrypted database with data split up across multiple nodes. Calculations can still be performed on data while in encrypted form.

• nilAI: AI-focused privacy technologies that include AI Virtual Machine (AIVM), nada-AI, and nilTEE

• nilVM: VM with libraries that simplify program development for AI devs by letting them use Python and Javascript to write web3 programs.