PRIVACY-PRESERVING COMPUTING IS THE FUTURE, SAYS SECRET NETWORKS GUY ZYSKIND AFTER QUENTIN TARANTINO NFT DROP

Last updated: June 19, 2025, 20:41 | Written by: Brian Armstrong

Imagine a world where your data is truly yours, where you control who sees it and how it's used.A world where sensitive information can be processed securely without ever being exposed. Check out the link below! Great info! Like and share! In an exclusive interview with Cointelegraph, Zyskind discussed the future of Secret NFTs and exciting developments coming to the Secret Network.This isn't a futuristic fantasy; it's the promise of privacy-preserving computing, a field rapidly gaining traction, especially in the realm of blockchain technology.The recent auction of Quentin Tarantino's uncut scenes from Pulp Fiction as non-fungible tokens (NFTs) on the Secret Network has shone a spotlight on this innovative technology. 'Privacy-preserving computing is the future,' says Secret Network's Guy Zyskind after Quentin Tarantino NFT drop Toplist Crypto Casino SportsBook 👉 httpGuy Zyskind, Founder of Secret Network and CEO of SCRT Labs, emphatically believes that privacy-preserving computing is the future, and this NFT drop serves as a compelling example of its potential.This event has not only demonstrated the unique capabilities of Secret Network but also ignited a broader conversation about the importance of privacy in the burgeoning Web3 landscape.In an exclusive interview, Zyskind discussed his vision for the future of Secret NFTs and the exciting developments coming to Secret Network. The day after the NFT drop, Guy Zyskind, founder and CEO of SCRT Labs, spoke with Cointelegraph in an exclusive interview regarding the news, various major blockchain developments, upcoming highlights, and his vision regarding the Secret Network.Let's delve into what privacy-preserving computing is, why it matters, and how Secret Network is leading the charge.

What is Privacy-Preserving Computing?

At its core, privacy-preserving computing refers to a set of technologies and techniques that enable computations to be performed on data without revealing the data itself. Secret Network offers $400M community fund scheme. Secret Network, a privacy-oriented layer-one blockchain, announced the launch of a $400 million funding pot this week in a bid to expand their application and network infrastructure, and tooling mechanisms in addition to accelerating adoption for their native token, SCRT.It allows researchers, companies, and even governments to leverage the power of data analysis without compromising the confidentiality of the underlying information.This is a game-changer, especially in industries like healthcare, finance, and government, where data sensitivity is paramount.

Think of it like this: you want to analyze customer spending habits to improve your business strategy. On Nov. 2, award-winning writer and director Quentin Tarantino announced he would auction off seven uncut scenes from Pulp Fiction as nonfungible tokens, or NFTs, built on the Secret Network (SCRT). The digitized assets will include the first uncut scripts of the movie, as well as secrets about the film and its creators. While theTraditional methods would require you to access and potentially expose individual customer data. Formerly Enigma, Secret Network is a blockchain-based, open-source protocol built using the Cosmos SDK. It uses Trusted Execution Environments on nodes to marry privacy-by-default with smart contracts.With privacy-preserving computing, you could analyze the data in a secure, encrypted environment, extracting valuable insights without ever seeing the specific details of each customer's transactions.

Key Techniques in Privacy-Preserving Computing

Several techniques fall under the umbrella of privacy-preserving computing:

Homomorphic Encryption: This allows computations to be performed directly on encrypted data.The results are also encrypted, and only the data owner can decrypt the final output.
Secure Multi-Party Computation (SMPC): This enables multiple parties to jointly compute a function over their private inputs while keeping those inputs secret from each other.
Differential Privacy: This adds statistical noise to the data to prevent the identification of individual records while still allowing for meaningful analysis.
Trusted Execution Environments (TEEs): TEEs create isolated environments within a processor where sensitive code and data can be executed securely. Secret Network is the first blockchain with data privacy by default for smart contracts, allowing you to build and use applications that are both permissionless and privacy-preserving.This is the technology that Secret Network leverages heavily.

Secret Network: A Privacy-First Blockchain

Secret Network is a layer-one blockchain protocol designed to enable privacy-by-default smart contracts.Built using the Cosmos SDK, it utilizes Trusted Execution Environments (TEEs) on its nodes to combine the power of smart contracts with robust data privacy.Formerly known as Enigma, Secret Network is pioneering the concept of ""Secret NFTs,"" which offer a unique level of control and confidentiality for digital assets.

Unlike traditional blockchains where all data is public and transparent, Secret Network allows developers to create applications where sensitive information remains encrypted and accessible only to authorized parties.This opens up a world of possibilities for decentralized applications (dApps) that can handle sensitive data without compromising user privacy.

The Power of Secret NFTs

The Quentin Tarantino NFT drop perfectly illustrates the power of Secret NFTs.While the NFTs themselves feature public metadata, acting as a sort of ""front cover,"" the underlying digitized assets – uncut scripts, never-before-seen content, and secrets about the film – are only accessible to the NFT owner. By integrating Trusted Execution Environments (TEEs) and privacy-preserving smart contracts, the Secret Network empowers developers and users with unparalleled data confidentiality.This is a game-changer for content creators who want to offer exclusive experiences to their fans while maintaining control over their intellectual property.

Tarantino himself recognized this potential, stating that Secret Network and Secret NFTs provide ""a whole new world of connecting fans and artists."" This sentiment highlights the value proposition of Secret NFTs: they enable creators to offer unique and valuable content while ensuring that only authorized individuals can access it.

Here's a breakdown of the benefits of Secret NFTs:

Enhanced Privacy: Only the NFT owner can access the underlying content.
Exclusive Content: Creators can offer unique and valuable content that is not publicly available.
Intellectual Property Protection: Creators maintain control over their intellectual property.
New Revenue Streams: NFTs can be used to monetize exclusive content and experiences.

Secret Network 2.0: The Next Evolution

Guy Zyskind has extensively discussed Secret Network 2.0, the next evolution of the platform, which aims to bring privacy-preserving computing to the mainstream. Guy talks extensively about Secret 2.0, the next evolution of Secret Network, in this State of the Union Address! - Introduction, Secret 2.0 - Wen Mainstream? - Why Privacy?This upgrade will focus on improving scalability, interoperability, and developer tooling, making it easier for developers to build and deploy privacy-preserving dApps.

Secret Network 2.0 aims to address several key challenges in the blockchain space, including:

Scalability: Increasing the network's capacity to handle a larger volume of transactions.
Interoperability: Enabling seamless communication and data transfer between Secret Network and other blockchain networks.
Developer Experience: Providing developers with the tools and resources they need to build and deploy privacy-preserving dApps more easily.

By addressing these challenges, Secret Network 2.0 aims to position itself as the leading platform for privacy-preserving computing in the Web3 era.

Why Privacy Matters in Web3

The importance of privacy in Web3 cannot be overstated. While the NFTs will feature public metadata, acting as a sort of front cover of the underlying digitized asset, only the NFT owner will have access to the never before seen content a unique feature of the Secret Network. Regarding the drop, Tarantino said Secret Network and Secret NFTs provide a whole new world of connecting fans andAs the internet becomes increasingly decentralized and data-driven, it is crucial to ensure that users have control over their personal information. In an exclusive interview with Cointelegraph, Zyskind discussed the future of Secret NFTs and exciting developments coming to the Secret Network.Without privacy, Web3 risks replicating the same data exploitation issues that plague Web2.

Consider these scenarios:

Decentralized Finance (DeFi): If your DeFi transactions are public, anyone can see your investment strategies and potentially front-run your trades.
Decentralized Identity (DID): If your DID is not private, your personal information could be exposed, leading to identity theft and other security risks.
Healthcare Data: Sharing healthcare data on a public blockchain would violate patient privacy and could have serious legal consequences.

Privacy-preserving computing offers a solution to these challenges. Hold and use your tokens in privacy. With Secret Bridges and the SNIP-20 standard you can bridge over and make any token privacy-preserving. Become one of the first to build with Secret AI, our brand‐new AI infrastructure layer.By enabling secure and confidential data processing, it allows Web3 applications to handle sensitive information without compromising user privacy. While the NFTs will feature public metadata, acting as a sort of front cover of the underlying digitized asset, only the NFT owner will have access to the never-before-seen content a unique feature of the Secret Network. Regarding the drop, Tarantino said, Secret Network and Secret NFTs provide a whole new world of connecting fans andThis is essential for building a truly decentralized and user-centric internet.

Secret Network's $400 Million DeFi Fund

To further its mission of expanding the Secret Network ecosystem, the platform launched a $400 million DeFi fund.This initiative is focused on fostering and incubating the roll-out of decentralized privacy applications on the platform, as well as expanding the utility and adoption of the SCRT token.The goal is to create a comprehensive privacy hub for Web3.

The fund will be used to support projects that are building:

Privacy-Preserving DeFi Applications: Such as confidential lending, borrowing, and trading platforms.
Infrastructure and Tooling: To make it easier for developers to build and deploy privacy-preserving dApps.
Community Growth: To expand the Secret Network community and increase awareness of its capabilities.

This significant investment demonstrates Secret Network's commitment to fostering a thriving ecosystem of privacy-preserving applications.

Secret AI: The Future of Private AI

Secret Network is also pioneering the development of Secret AI, a brand-new AI infrastructure layer that allows for privacy-preserving machine learning.This technology enables AI models to be trained and deployed on sensitive data without ever revealing the underlying information.This has enormous potential for applications in healthcare, finance, and other industries where data privacy is critical.

Imagine being able to train an AI model to predict disease outbreaks using sensitive patient data, without ever compromising patient confidentiality.This is the promise of Secret AI.By combining the power of AI with privacy-preserving computing, Secret Network is paving the way for a new era of responsible and ethical AI development.

Example: Private Credit Scoring

One example of Secret AI's potential is in private credit scoring. Based on cutting-edge research that started out at MIT in 2025, SCRT Labs today is a leading expert in building private computing (also known as confidential computing) solutions. SCRT Labs is a core contributor to Secret Network, the first blockchain with privacy preserving smart contracts.Lenders could use Secret AI to assess the creditworthiness of borrowers without ever accessing their personal financial information. Secret Network is a layer-one protocol, or blockchain improvement infrastructure, that enables the execution of privacy-by-default smart contracts running on decentralized applications acrossThis would protect borrowers' privacy while still allowing lenders to make informed lending decisions.

Addressing Common Questions

Here are some frequently asked questions about privacy-preserving computing and Secret Network:

What are the limitations of privacy-preserving computing?

While privacy-preserving computing offers significant benefits, it also has some limitations.Some techniques, such as homomorphic encryption, can be computationally expensive.Additionally, the implementation of privacy-preserving techniques can be complex and require specialized expertise.

How does Secret Network ensure the integrity of the data?

Secret Network uses TEEs to ensure the integrity of the data. Welcome to the latest edition of Cointelegraph s decentralized finance newsletter. Following a bearish decline for many of the leading decentralized finance (DeFi) tokens, it is within the fundamental news where the optimism for growth and prosperity lies.TEEs create isolated environments where sensitive code and data can be executed securely.This prevents unauthorized access and ensures that the data remains confidential.

What are the potential use cases for Secret Network?

The potential use cases for Secret Network are vast and span a wide range of industries, including:

DeFi: Confidential lending, borrowing, and trading platforms.
Healthcare: Secure storage and analysis of patient data.
Supply Chain: Tracking goods and materials without revealing sensitive information.
Gaming: Building privacy-preserving games.
Identity Management: Creating secure and private digital identities.

How can I get involved with Secret Network?

There are several ways to get involved with Secret Network, including:

Developing dApps: Building privacy-preserving applications on the Secret Network platform.
Contributing to the Codebase: Helping to improve the Secret Network protocol.
Joining the Community: Participating in discussions and providing feedback.
Investing in SCRT: Supporting the Secret Network ecosystem by purchasing and holding SCRT tokens.

Sienna Network and SecretSwap

The Sienna Network launched its first application on the Secret Network mainnet called SiennaSwap.This decentralized exchange (DEX) allows users to trade tokens privately, enhancing the user experience for those who value financial privacy. The founder and CEO of Secret Network discusses the road ahead following Tarantino's NFT drop.Moreover, ALTER launched on-chain, marking the advent of the first verifiable user-side encrypted communication platform, further solidifying Secret Network's commitment to securing digital interactions.

The First Secret NFT: Anons

The Secret Network became the birthplace of Secret NFTs with the integration of the SNIP-721 standard. Secret Network is the first blockchain with data privacy by default for smart contracts, allowing you to build and use applications that are both permissionless and privacy-preserving. This uniqueThis standard laid the groundwork for the creation of the renowned Anons NFT collection, demonstrating the capability of Secret Network to support unique digital assets with protected underlying content.This set the stage for future projects like the Tarantino NFTs and others to leverage customizable data privacy.

Conclusion: Embracing the Future of Privacy

Privacy-preserving computing is undeniably the future, and Secret Network, under the leadership of Guy Zyskind, is at the forefront of this revolution.The Quentin Tarantino NFT drop served as a powerful demonstration of the potential of Secret NFTs and the importance of privacy in Web3. The initiative is focused on the expansion of its ecosystem, including fostering and incubating the roll-out of decentralized privacy applications on its platform, as well as expanding the utility and adoption of the SCRT token, to overall become a fully comprehensive privacy hub for Web3. Secret Foundation founder Tor Bair told CointelegraphWith Secret Network 2.0 on the horizon, the $400 million DeFi fund, and the development of Secret AI, the platform is poised to transform the way we interact with data in the digital age.

Key Takeaways:

Privacy-preserving computing allows for secure and confidential data processing.
Secret Network is a layer-one blockchain designed to enable privacy-by-default smart contracts.
Secret NFTs offer enhanced privacy, exclusive content, and intellectual property protection.
Secret Network 2.0 aims to improve scalability, interoperability, and developer tooling.
Privacy is essential for building a truly decentralized and user-centric internet.

The time to embrace privacy is now. Secret Network launched a $400 million DeFi fund and 1inch integrated Avalanche and Gnosis protocols all coming to you in this week s Finance Redefined. Welcome to the latest edition of Cointelegraph s decentralized finance newsletter.Following a bearish decline for many of the leading decentralized finance (DeFi) tokens, it is within the fundamental news where the MoreAs Web3 continues to evolve, it is crucial to prioritize user privacy and ensure that data is handled responsibly. Sienna Network launches its first application on the Secret Network mainnet called SiennaSwap. Also ALTER launched on-chain, the first verifiable user-side encrypted communication platform. This time is also when the first Secret NFT comes on-chain. The SNIP-721 standard is used as the base for the well-known Anons NFT.Secret Network is providing the tools and infrastructure necessary to build a more private and secure digital future.Explore Secret Network, experiment with Secret NFTs, and join the movement towards a privacy-first Web3.Learn more about Secret Network and how you can contribute at scrt.network.