• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
No Result
View All Result
NewsBTC
No Result
View All Result
Manta Network
Nexo Logo

Manta Network Successfully Completes its 3rd Funding Round of the Year at $28.8 Million from Squad Game Event

NewsBTC by NewsBTC
8 months ago
in Company News
Reading Time: 2 mins read
Advertisement

Manta Network, the privacy protocol for Polkadot, sold 80 million of its governance MANTA tokens to raise $28.8 million. The project sold 8% of its 1 billion fixed supply at its Squad Game token generation event hosted by Tokensoft, which saw widespread participation from the Manta community.

This latest funding round comes after the $5.5 million funding round that took place last month, which was led by CoinFund and ParaFi Capital. Before this, it had a $1.1 million round led by Polychain Capital in 2021 itself.

After winning the parachain network on Polkadot’s canary network Kusama, Manta Network is now preparing for the next stage of its development with the forthcoming Polkadot parachain auctions, which officially began on November 11.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

$130 million have already been pledged by users to its crowdloan initiative as parachain auctions commence. But the holders of Polkadot’s native DOT tokens can still contribute to the crowdloan with MANTA rewards.

Manta’s utility tokens grant its holders rewards for MantaPay and MantaSwap usage fees in addition to on-chain community-governance rights.

Building a Private Smart Contract Platform

The privacy layer for the Polkadot ecosystem, Manta Network, is working to make on-chain privacy a utility through scalability and interoperability. And it has developed several platforms to improve the privacy and security of the decentralized finance (DeFi) ecosystem.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

For users, this means on-chain privacy in transacting and swapping any parachain assets.

These DeFi-oriented privacy protocols include the automated market maker DEX MataSwap and payment protocol Mantapay, which has embedded privacy. Here, Manta basically adds a layer of anonymity to DeFi transactions by obfuscating user addresses through the application of zk-SNARKS and Groth16 proofs.

It is particularly helpful for those transacting in large amounts as it can help mask their portfolio management activities.

Manta Network is also building a private smart contract platform. Leveraging zero-knowledge proofs for privacy, this platform will deploy privatized decentralized applications and allow developers to build their own DApps on it to expand the Manta ecosystem.

The project has a long line of prominent crypto industry backers, including Alameda Research, Polychain Capital, DeFiance Capital, CoinFund, ParaFi Capital, The Spartan Group, LongHash Ventures, Divergence Capital, Zee Prime Capital, CMS Holdings, ConSensys, Digital Currency Group (DCG), and more.

Manta Network is also bringing its privacy features to the metaverse by partnering with Bit.Country. “Many other individualized worlds will be able to utilize their privacy features for their people,” says the Manta team.

 

Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
NewsBTC

NewsBTC

Related Posts

Greek Artist Sends Pro-Freedom Message with Assange NFT Drop

Greek Artist Sends Pro-Freedom Message with Assange NFT Drop

1 day ago
Cryptocurrencies With Incredibly High Market Caps

Cryptocurrencies With Incredibly High Market Caps

2 days ago
What’s Protocol Monetary Trade Policy, and Why Is it Such a Big Deal?

What’s Protocol Monetary Trade Policy, and Why Is it Such a Big Deal?

3 days ago
Web3 Wallets Realize the Frontier Exploration of On-chain Addresses

Web3 Wallets Realize the Frontier Exploration of On-chain Addresses

3 days ago
Ethereum Rising Gas Fees are Still Concerning But Presents Opportunity For Decentralized Exchanges

Ethereum Rising Gas Fees are Still Concerning But Presents Opportunity For Decentralized Exchanges

3 days ago
REV3AL – NFT and Digital Asset Authentication Technology Launches on KuCoin June 30th

REV3AL – NFT and Digital Asset Authentication Technology Launches on KuCoin June 30th

4 days ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
BC.Game

BC.Game

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
BC.Game

BC.Game

Review · Visit

Don’t Miss Out On Experts’ Top Crypto Picks! Gnox (GNOX), Algorand (ALGO) And VeChain (VET) Set To Lead Bullish Market

July 2, 2022

LBank Exchange Will List DEBT on July 5, 2022

July 2, 2022

LBank Exchange Will List Metavie Token (METAVIE) on July 5, 2022

July 2, 2022

Holon (HLN) Is Now Available for Trading on LBank Exchange

July 2, 2022

LBank Exchange Will List METAFASTEST (METAF) on July 1, 2022

July 2, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.