Manta Network Successfully Completes its 3rd Funding Round of the Year at $28...
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,....
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Manta Network will use newly raised funds to further scale DeFi use cases by boosting blockchain privacy. Manta Network, a privacy layer project for the Polkadot ecosystem, has completed a new funding round to continue scaling decentralized finance (DeFi) use cases by boosting blockchain privacy.Announced Tuesday, Manta Network’s latest $5.5-million funding round included participation from more than 30 venture funds, including crypto hedge fund CoinFund and alternative investment firm ParaFi Capital.Other investors included Web 3. investment fund LongHash Ventures, CMS Holdings,....