Nillion

Nillion is the first Blind Computer & a private computation and storage network. 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, data marketplace, 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:
DB: an encrypted database with data split up across multiple nodes. Calculations can still be performed on data while in encrypted form
AI: AI-focused privacy technologies that include:
AI Virtual Machine (AIVM) – a secure AI inference platform co-developed with Meta for private inference
Nada-AI – a library for nilVM, offering an interface for running small AI models
nilTEE & uses Trusted Execution Environments (TEEs) to run faster private inference where speed is important
VM: VM with libraries that simplify program development for AI devs by letting them use Python and Javascript to write web3 programs