On March 20th, zero knowledge first layer blockchain technology Manta Network announced that it has added to the agreement applicable to assets, including irreplaceable tokens (NFT) and soul related tokens (SBTS). The MantaPay agreement initially supported only replaceable encryption assets, and now the service promises to provide privacy protection for NFT and SBTS based on ZK technology using Manta Network. ZK theory is a private technology that uses zero knowledge proof (ZK Proof S) to complete thoroughly private transactions on decentralized finance (Defi) software.
The company believes that its NFT Private Offering website is a launch tower for NFT and SBTS, designed to allow users to publish zkNFT/zkSBT privately without the necessary technology or login password expertise. Based on the use of Zero knowledge Certificate (ZKP), users can quickly create NFT and SBT in private while maintaining the privacy of their login password assets. The service pledge of the website guarantees that only the actual results of the sale and purchase will be announced, and no additional information will be published.
Life-related tokens represent the characteristics, characteristics, characteristics and achievement digital identity tokens of a person or object. MANTA Network's zkSBT (Zero knowledge Life debt token) service promises to use ZKP to provide security and privacy on a par with traditional SBTS. ZkSBT is designed to provide a chain-independent feel so that users can run tokens on various chains, including Etherum, BNB Chain and Polygon, and maintain personal privacy credentials through zkSBT in the Manta Network chain. This can be confirmed by confirming the key without revealing all the small details of the wallet.
Manta Network's strong support for NFTs and SBTS is undoubtedly an important development of the Internet because it adds to the scope in which it can address the diversification of asset classes. With the blessing of zkNFT/zkSBT, developers no longer need the knowledge of cryptographic algorithms or ZKP theory to create Web2 or Web3 applications. This feature is expected to allow the rapid creation of mobile applications and Dapp, providing exciting new opportunities for developers to design new projects with NPO, zkNFT and zkSBT at the core.
In 2021, Manta Network raised $5.5 million in a round of financing, involving more than 30 venture funds, including data encryption derivatives CoinFund and alternative investment firm ParaFi Capital.
On January 10th, Manta Internet held a record-breaking credibility setting ceremony, which was attended by more than 4000 people. The purpose of the setup is to help create MantaPay, an application designed to allow personal payments between individuals. According to the company, MantaPay will operate on Polkadot Parachain Manta Network and Kusama Parachain Calamari. It will use zero-knowledge direct evidence to ensure that only publishers and recipients of each payment can query the payment.
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Tue, 18 Apr 2023