Recently, many people have been discussing AI, RWA, Agent, but there is one track that is quietly gaining traction—privacy public chains.
I recently researched a project:@MidnightNetwork
If you pay attention to the Cardano ecosystem, this project is likely to become increasingly important.
Core token:$NIGHT
Today, let's briefly talk about why I started paying attention to it.
How did I discover this project?
Recently, I've been researching a question:
Why are many enterprises reluctant to use blockchain?
The answer is actually quite simple—privacy issues.
Most public chains have a common characteristic:
Everything is transparent.
Transaction transparency, data transparency, address transparency.
This works well in DeFi, but in many real-world scenarios, it is unacceptable, such as:
Corporate finance.
Medical data.
Business contracts.
User identity.
If all this information is made public on-chain, basically no one would dare to use it.
At this point, I noticed @MidnightNetwork.
Its positioning is very clear:
To create a 'privacy-first' blockchain.
What is Midnight doing?
If explained in one sentence:
Midnight = The privacy layer of Web3.
You can understand it this way:
Ethereum: completely transparent.
Bitcoin: semi-anonymous.
Midnight:
Verifiable privacy.
It allows developers to build through zero-knowledge proofs (ZK) + privacy smart contracts:
Privacy DeFi.
Privacy identity system.
Enterprise-level blockchain applications.
A compliant data sharing network.
That is to say:
Data can be verified but does not need to be public.
This point is very crucial in the future world of AI + Web3.
The core token of the entire network is $NIGHT.
Why the market has started to pay attention to it.
I think there are mainly three reasons.
1️⃣ Privacy is a necessary stage for Web3.
Web3 has developed to a new stage now.
First stage:
DeFi, NFT
Second stage:
AI, RWA
The next stage is likely to be:
Privacy (隐私)
If blockchain wants to enter the institutional and enterprise market, privacy is almost essential.
2️⃣ An important piece of the Cardano ecosystem.
#MidnightSidechain is not an ordinary project.
It is actually one of the important infrastructures of the Cardano ecosystem.
Simply put:
Cardano wants to create a global financial infrastructure.
So the privacy layer is almost an essential component.
Midnight is likely to take on this role.
3️⃣ Data infrastructure in the AI era.
The core of AI is actually data.
But there are two problems with data:
Unwilling to disclose.
Dare not to share.
If there is no privacy protection, a large amount of data cannot enter the chain at all.
So many people believe that:
AI + Privacy + Web3.
It may be an important direction for the future.
And $NIGHT is the core asset of this ecosystem.
Risks also need to be clarified.
Of course, any project has risks.
I personally think there are mainly three.
1️⃣ The technical difficulty is very high.
Privacy computing + ZK technology itself is very complex.
2️⃣ The ecosystem needs time.
The success of public chains largely depends on the developer ecosystem.
3️⃣ The competition is also considerable.
There are already many projects in the privacy track, such as:
Aleo
Secret
Aztec
Midnight needs to establish its own advantages.
My personal judgment.
To be honest, I am more optimistic about @MidnightNetwork 's direction.
Because the logic is very simple:
If Web3 wants to enter the real world, privacy is a must.
What Midnight is doing is:
Make blockchain both transparent and private.
If in the future:
Enterprise data on-chain.
AI data market.
Compliant DeFi.
These scenarios will explode.
So privacy infrastructures like #night are likely to be repriced.
Of course, it is still in the early stages.
The logic is good, but it needs time to verify.
