Polkadot-based privacy project Manta Network raises $5.5M

Earlier this year, Polkadot, the interoperability-focused blockchain network, launched the Polkadot Pioneers Prize to attract new talent and accelerate the advancement of zero-knowledge (ZK) technology and the overall Polkadot infrastructure. Through the Polkadot Pioneers Prize, Polkadot’s plug-and-play privacy protocol Manta Network has joined 22 other ZK companies, funds, and foundations to launch ZPrize – an […]

Manta Network, an on-chain privacy solution built for the Polkadot ecosystem, has welcomed $5.5 million in funding from a slew of private equity firms and angel investors. The Network, which aims to bolster privacy for defi users, won investment from some of the biggest names in the blockchain space in a round led by Coinfund […]

Manta Network will build MantaSwap now that it has closed a $1.1 million funding round.

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,....

In a growing storm of controversy, the Polkadot blockchain platform is now facing accusations of discrimination and toxicity within its ecosystem, on top of concerns over an impending funding crisis for its Treasury. Polkadot Criticized For Neglecting Asian Developers  The co-founder of the decentralized network Manta, Victor Ji, recently took to social media to voice […]