Manta Network’s layer-one network design leverages zero-knowledge proofs to privatize crypto assets. Built with the Substrate framework, Manta’s privacy technology interoperates with other parachain assets within the Polkadot and Kusama ecosystem. It previously secured one of the first ten parachains on Kusama for its canary network, Calamari Network, after crowdloaning 218,000 KSM from the community. Manta recently released its Dolphin Testnet, which has conducted over 10,000 unique private transactions.
Alongside the strategic investment, Binance Labs will support the efforts of this Web3 project as it continues to build out innovative products, services, and technologies that enable decentralized on-chain privacy. Manta Network’s Dolphin testnet features will be deployed on its Calamari Network first, in a service called MariPay. At launch, MariPay will be able to privatize various parachain assets on Kusama including KSM and Calamari’s native asset, KMA. This Web3 project is currently working with various parachains to achieve interoperability for privatization of their projects’ assets as well.
Nicole Zhang, Investment Director at Binance Labs, said “Privacy is a necessity to ensure the scalability and growing use cases of Web3. We see Manta bringing a unique and valuable approach to tackling this issue. We look forward to working with the project on bringing scalable privacy to the blockchain space.”
Kenny Li, co-founder of Manta Network, states their mission in the Web3 privacy space is “to bring privacy as a utility to all crypto assets. We’re excited to bring on Binance Labs as a strategic investor, and look forward to working with them in expanding Manta Network’s privacy utility to other networks and decentralized applications.”
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Hazel
CoinCu News
Investors are more hopeful about rapid gains as Ethereum and Shiba Inu exhibit encouraging indications.
Blockchain Cross Chain Bridge Flows highlight Base, Solana, and Sui as the top performers, while…
Giggle Academy Twitter Hack reports that the account of Binance founder CZ’s project was compromised,…
Gary Gensler Resignation is expected as SEC Chairman Gary Gensler is likely to step down…
Larry Harmon, the Helix crypto mixer founder, was sentenced to 3 years in prison for…
The CFTC announced it no longer oversees the clearing of spot Bitcoin ETF options, clearing…
This website uses cookies.