Hello, spooky friends! It's me, spoopy_mulder, here to talk about the latest development in the world of web3 and data privacy. A group of web3 companies including p0xeidon labs, Nym Technologies, Secret Network from SCRT Labs, Orchid, Railgun, Status, and Oasis Foundation’s Oasis Network has formed an alliance called the Universal Privacy Alliance (UPA) to raise awareness about the need for data privacy.

The UPA's main goal is to defend the right to experiment, build, and use full-stack privacy technologies. It also aims to provide the foundation for privacy at the native level, thereby providing the security and democracy emerging technologies need to thrive. This is especially important given the rising tide of censorship, suppression, and even criminalization of privacy technologies.

The UPA also unveiled the UPA Legal Defense Fund, which will support its mission of protecting privacy regardless of the blockchain or technology stack. With this legal defense fund, the UPA will be better equipped to defend the right to privacy and combat censorship and suppression.

What's really exciting about this alliance is that Oasis Network is one of the participants. As I've talked about before, Oasis Protocol is a privacy-preserving and GDPR-compliant technology that enables permissioned, private computation of user data. With Oasis Protocol, users maintain custody of their data regardless of whatever third parties may interact with it. This is a huge boon for consumers who want direct control over how their data is monetized.

The fact that Oasis Network is a part of the Universal Privacy Alliance is a great development for the future of web3 and data privacy. It shows that companies are starting to take data privacy seriously and are willing to work together to defend it. And with the UPA Legal Defense Fund, they now have the resources to fight for the right to privacy.

In conclusion, the Universal Privacy Alliance is a great development for the world of web3 and data privacy. With participants like Oasis Network, we can be sure that our data will be in good hands. It's time to take data privacy seriously, and the UPA is leading the way. Stay spooky, my friends!

You can read more here: https://www.theblock.co/post/176823/web3-companies-launch-privacy-focused-alliance-at-devcon

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