Binance Labs supported the latest private funding round for building systems with Substrate (zero-knowledge proofs) zero-knowledge proofs for Manta Network (MANTA). Additionally, Manta Network will launch its MariPay solution later this year, which will hide transactions for Kusama’s KSM and Calamari’s KMA assets. For details, continue reading Kriptokoin.com.
Manta Network managed to get funding from Binance Labs
According to the official announcement shared by Binance Labs representatives, Manta Network signed an investment agreement:
Confidentiality is always key. Welcome to Manta Network, the Web3 privacy protocol designed to customize crypto assets to the Binance Labs family!
Manta Network (MANTA), Polkadot (DOT) based money- It leverages zero-knowledge proofs to bring an additional layer of privacy to transactions between chains. Nicole Zhang, director of investment at Binance Labs, seems confident that all privacy-centric use cases are among the most important applications of Blockchain technology. Nicole Zhang explained:
Privacy is a must to ensure Web3 scalability and increasing use cases. We find that Manta brings a unique and valuable approach to solving this problem. We look forward to working with the project to bring scalable privacy to the blockchain space.
MariPay solution will be released soon
Manta Network co-founder Kenny Li said his solution will protect the privacy of decentralized applications (dApps) across different networks and various Blockchains.
Manta Network’s mission in the Web3 privacy space is to bring privacy as a utility to all crypto assets. We are excited to bring Binance Labs as a strategic investor and look forward to working with them to expand Manta Network’s privacy utility to other networks and decentralized applications.
Manta Network previously rated a Kusama (KSM) para-chain slot for the (canary network) ‘canary network’ Calamari. Manta has also commissioned its testnet called Dolphin. In 2022, Manta Network will launch its MariPay solution that will hide transactions for Kusama’s KSM and Calamari’s KMA assets.
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