According to Foresight News, TechCrunch reported that Nillion, a Web3 startup that aims to build a decentralized network that is not based on Nil Message Compute (NMC), has completed a $20 million financing round, led by Distributed Global, with participation from AU21, Big Brain Holdings, Chapter One, GSR Markets, HashKey, OP Crypto and SALT Fund. Nillion's founders include former employees of Uber, Indiegogo and Hedera Hashgraph, as well as executives from Coinbase and Nike.