Nym, Protocol Labs, Filecoin Foundation and others establish Web3 Universal Privacy Alliance

Odaily News Web3 project Nym, Protocol Labs, Filecoin Foundation, Oasis and Aztec jointly established the Universal Privacy Alliance (UPA). UPA will focus on influencing policy and regulatory decisions and is backed by initial funding of $150,000, according to a statement. The UPA will initially focus on the EUs eIDAS (Electronic Identification, Authentication and Trust Services) regulations and the Digital Services Act, with other plans including appointing a coordinator to lead lobbying efforts, hosting major events at key blockchain conferences such as EthDenver campaign, and establishing a legal fund to support privacy-focused practices. Each founding member provided an initial donation of $15,000 to UPA, with $150,000 being used for direct advocacy efforts and additional funding in the coming months. (The Block)