What is Nillion?

Nillion is a private computation and storage network using Privacy-Enhancing Technologies (PETs). It describes PETs as enabling computation and storage on data while maintaining privacy. The project lists use cases including private personalized AI, encrypted databases, data marketplace functions, and privacy-preserving applications. It also references modules and services for encrypted storage and private computation.

$NIL is described as the network native utility token used for network fees for blind computation and payments across the Coordination Layer and Petnet, staking to secure the network, and governance participation in an onchain governance module. The described modules include an encrypted database that splits data across multiple nodes while allowing calculations on encrypted data, an AI-focused set of components including an AI Virtual Machine (AIVM) for private inference and a library for running small AI models, and a VM that uses libraries to simplify development with Python and JavaScript for web3 programs.