Manta Network
Financials
Estimates*
USD | 2021 | 2022 | 2023 |
---|---|---|---|
Revenues | 2.7m | 4.2m | 4.2m |
% growth | - | 56 % | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Early VC | ||
* | $1.1m | Seed | |
* | $5.5m | Early VC | |
* | N/A | Early VC | |
* | $25.0m Valuation: $500m | Series A | |
Total Funding | AUD48.8m |
Related Content
Recent News about Manta Network
EditManta Network is a cutting-edge technology startup that operates in the blockchain and cryptocurrency market. The company's primary offering is Manta Pacific, a scalable and secure platform for Zero-Knowledge (ZK) applications. ZK applications are a type of software that allows users to prove that they know a value, without revealing what that value is, providing a high level of privacy and security.
Manta Pacific is built on the Ethereum blockchain, a decentralized platform that enables developers to build and deploy smart contracts and decentralized applications (dapps). The platform is designed to be developer-friendly and app agnostic, meaning it can be used across different chains and in various environments, including mobile apps.
Manta Network's business model is based on providing a high-speed, low-cost infrastructure for building and launching dapps. The company achieves this by leveraging Celestia's modular data availability and a modified OP Stack, which results in lower gas fees (transaction costs on the Ethereum network) and higher scalability.
In addition to its core platform, Manta Network also offers a range of tools and services for developers, including Software Development Kits (SDKs) and proof keys. These tools make it easier for developers to integrate on-chain identity into their applications.
Manta Network also offers a unique feature called Universal Circuits. These are a library of ZK-enabled contracts that developers can use in their existing Solidity smart contracts and dapps. This feature opens up new use cases for ZK technology, including on-chain gaming and seamless on-chain Know Your Customer (KYC) verification.
The company's clients are primarily developers and businesses in the blockchain and cryptocurrency space. However, the applications built on Manta Pacific have the potential to serve a wide range of end users, from DeFi to gaming to social apps.
Keywords: Blockchain, Ethereum, Zero-Knowledge Applications, Dapps, Scalability, Low Gas Fees, Developer Tools, Universal Circuits, On-Chain Identity, KYC Verification.