Just saw that NIL dropped by 7-12% after launch depending on the source. It’s a bit painful to watch, but this is quite typical for new tokens, so not surprising.

But more interesting than the price is what’s behind the project. Nillion is developing a network-based secure computation, which, according to analysts, could change the approach to data privacy and AI. The essence is that data is processed without revealing the data itself — sounds like something serious for the industry.

Of course, nil in this context isn’t just zero value, but rather zero visibility of data during computations. An interesting idea if it really works. The question is whether the market will value this enough for the token to recover, or if it will be just another technology with big ambitions and a small market cap?

Are you following NIL? Do you think it has potential or is it just another overhyped novelty?