Manta Network(MANTA)

The latest in blockchain tech upgrades, funding announcements and deals. For the period of June 13-19.

Explore three emerging cryptocurrencies set to challenge Solana's dominance in the 2024 market. Aptos, Sei, and Manta Network are gaining momentum with their innovative technologies and potential for significant market impact. These contenders offer unique features and advancements that could redefine the crypto landscape, making them essential considerations for investors looking to diversify their portfolios in the dynamic world of digital currencies.

Explore the dynamic world of cryptocurrencies with a focus on five altcoins that stand out in 2024 for their unique offerings and potential. Dive into the details of Manta Network, Ondo, Bonk, Arbitrum, and Honk as we unravel their key features, market prospects, and how they aim to redefine the crypto landscape amidst the shift from major players like Bitcoin and Ethereum to more agile, innovative alternatives. Discover the opportunities these altcoins present for those looking to navigate the evolving digital currency market smartly.

Render (RNDR) and Manta Network (MANTA) have witnessed increased market fluctuations primarily due to Bitcoin’s (BTC) bearish momentum. So, it’s no surprise that investors are gravitating towards Algotech (ALGT) to optimize returns. Read on to find out how the best cryptocurrency, Algotech (ALGT), matches up to Render (RNDR) and Manta […]

Discover the top cryptocurrencies poised to surpass Solana’s remarkable growth. This article highlights the Altcoin Season Index's surge and profiles promising cryptos like Ondo, Mantle, Sei, Aptos, and Manta Network. Uncover insights into these emerging digital currencies set to transform the crypto landscape.

Explore the dynamic shifts in the cryptocurrency market with a focus on the top 5 tokens favored by major investors. Discover how altcoins like Mantle, Sei, Ondo, Pyth Network, and Manta Network are shaping the future of digital currency investments, amidst Bitcoin's stable pricing and the anticipation of the Bitcoin halving event.

Explore the potential top gainers of 2024 in the cryptocurrency market with a focus on altcoins. Discover why Arbitrum (ARB), Manta Network (MANTA), and Optimism (OP) are gaining attention. Learn how their promising growth prospects and solutions to transaction speed and privacy challenges could make these altcoins the top performers of 2024 amid the dynamic landscape of decentralized finance (DeFi).

Manta Network is facing money laundering allegations following its recent listing on South Korean exchange Bithumb.

The network’s MANTA token went live on Thursday and has reached a $550 million capitalization.

TrueUSD (TUSD) experienced a significant depreciation, dropping to as low as 97 cents, triggered by reports of traders liquidating over $300 million worth of the stablecoin, according to data from Binance. Binance’s announcement on January 15 about farming $MANTA by staking $BNB and $FDUSD, excluding $TUSD, played a pivotal role […]

Manta Pacific is the native layer 2 of the Manta Network.

Manta Pacific is currently one of the top 10 largest layer 2 networks, thanks to a growing TVL and an anticipated airdrop event.

According to Manta, Polygon CDK offers a notable advantage in the swiftness of processing deposits and withdrawals.

Manta Pacific’s ZK-application-focused network will integrate with the Polygon ecosystem through the Chain Development Kit software.

The network, which just went live a couple weeks ago as a so-called optimistic rollup – the core underpinning of OP Stack – will now become a “ZK-rollup,” which is what Polygon’s software kit provides.

Manta Network has launched its zero-knowledge proof layer 2 scaling network which promises lower fees and higher throughput for developers looking to deploy decentralized applications.

The cryptographic development project, p0x, received a valuation of $500 million.

The raised funds will be utilized to expand the network, attract more users and explore diverse use cases for Manta Pacific.

Road Town, British Virgin Islands, June 29th, 2023, ChainwireLBank Labs, the venture fund of the global crypto exchange LBank, is pleased to announce its strategic investment in ArkStream Capital. This collaboration brings together the expertise and resources of two prominent players in the blockchain industry, aiming to drive the advancement of Web3 innovation.LBank Labs, known for its protocol and exchange-agnostic approach, is committed to supporting projects through direct funding, acceleration, incubation, and extensive networking. With $100 million assets under management (AUM), the venture capitalist arm of global cryptocurrency exchange LBank has a strong track record of nurturing startups and helping them thrive. Besides direct investments in projects, the team aims to build a strong fund network via investing in global top funds to support portfolios from the network in both financial and resource value-add. Czhang Lin, an IC board member of Labs, is also personally LPs to NGC, Blockchain Founders Fund and Lemniscap, where Eric He, Co-Founder of LBank is LP to SevenX Ventures fund I, II and FOF, and IOSG Ventures.ArkStream Capital, established by a collective of crypto-native founders with diverse backgrounds from institutions such as MIT, Stanford, BlackRock, Google, and Samsung, has quickly gained recognition for its outstanding achievements. Led by Founding Partner Allen Su, whose previous venture BlockArk was a trailblazing blockchain growth company established in 2017, ArkStream Capital possesses exceptional capabilities in research and growth strategies.Notably, ArkStream Capital has earned accolades as one of the best-performing funds during the 2020-2022 cycle. Leveraging their strategic and discerning investment approach, the firm has successfully supported over 70 portfolio companies, including prominent industry players like Flow, SEI, Republic, Manta, LiveArtX, and Mask.With an unwavering commitment to fostering on-chain user adoption, ArkStream Capital is now expanding its investment scope to embrace the next phase of Web3 evolution. In addition to infrastructure investments, ArkStream Fund II will prioritize applications and user portals. Notable investments from Fund II include Linera, a cutting-edge MOVE layer-1 project; Polkastarter Gaming, the largest web3 gaming information platform; and Particle Network, an all-encompassing infrastructure solution. ArkStream Capital's co-investors in these ventures include industry giants such as Sequoia, SuperScrypt, a16z, and Alibaba."We are delighted with the investment made by LBank Labs, as it signifies a remarkable opportunity to jointly bring Web3 innovation to the vast and burgeoning user base in emerging markets,” said Allen Su, Founding Partner of ArkStream Capital."We are excited to join forces with ArkStream Capital in our shared mission to drive Web3 innovation and cater to the growing user base in emerging markets. This strategic investment represents a significant opportunity to combine our strengths and resources, accelerating the development of groundbreaking technologies that will reshape industries globally." - Jiayu, Head of FOF Investment at LBank Labs.LBank Labs and ArkStream Capital are poised to leverage their respective strengths and networks to drive forward the development of Web3 technologies, revolutionizing industries and empowering users worldwide. As part of their commitment, LBank Labs is dedicated to establishing an extended network of Fund of Funds, focusing on optimizing portfolio performance and diversification while highlighting the intrinsic value of their ecosystem network. With a strong presence in seven global regions, LBank Labs is a powerhouse for fostering collaboration and innovation cross-borders.Earlier this month, LBank Labs similarly announced strategic investment and partnerships with prominent venture funds Sparkle Ventures, Collab+Currency, and SevenX Ventures, highlighting Labs’ mission to unite key innovative players in the industry to advance Web3.About LBankLBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 9 million users from more than 210 regions across the world. LBank is a cutting-edge platform that ensures the integrity of users’ funds and aims to contribute to the global adoption of cryptocurrency.Start Trading Now:lbank.comCommunity & Social Media:lTelegramlTwitterlFacebooklLinkedInlInstagramlYouTubeContactLBankpress@lbank.info

Blockchain users could be forgiven for losing count of the number of different networks they interact with. As established blockchains such as Bitcoin and Ethereum experience limitations over the number of use cases they support and their scalability, crypto projects are looking to newer chains to support their activities. By building on alternative blockchains, projects can tap into the new capabilities they offer and benefit from faster transactions and lower processing costs. As a result, the number of blockchain networks competing for market share in industries like decentralized finance, gaming, metaverse, and other areas is growing. There is no single blockchain that has emerged as the platform for every type of use case, as each network comes with trade-offs. As a result, developers simply select the most appropriate blockchain for whatever it is they’re trying to achieve. The Need For Interoperability Given this reality, it has become clear that a solution for blockchain interoperability is imperative for all users. In a world where businesses of every shape and size are so reliant on collaboration, it’s necessary to find a way for the different blockchains they use to safely interact with one another. By building interoperability, networks provide a more user-friendly experience, enabling frictionless sharing of data and smoother execution of transactions governed by smart contracts. With traditional software systems, the makers of those programs and applications strive for interoperability as they know it’s beneficial for their users. For instance, imagine if it were not possible to send an email from a Gmail account to a Yahoo account. It would throw a massive spanner in the works of mass communication. As such, software has become highly integrated in many ways. Not only can we email any address from any provider, but we can also import our contacts into messenger software like Skype. In the enterprise world, software interoperability is even more important, allowing business workers to import data from Salesforce into Excel spreadsheets where it can be analyzed, for example. Blockchain networks recognize that use cases such as DeFi, healthcare, gaming, and digital identity cannot exist in siloes, and so interoperability has become a key goal of most projects. Luckily for blockchain users, a number of projects have made rapid progress in this area, enabling both data and digital assets to traverse across blockchain networks with remarkable ease. How Blockchain Interoperability Is Achieved One of the most successful examples of blockchain interoperability is the Cosmos ecosystem, which bills itself as the “Internet of blockchains”. Within Cosmos, developers can access a wealth of applications and services built for distributed networks. Cosmos enables blockchain interoperability through its Inter Blockchain Protocol, known as IBC. It supports a suite of cross-chain applications and makes it possible for users to exchange data and digital assets freely across multiple supported blockchains, including Binance Chain and Crypto.org. IBC is best understood as an open-source protocol that works by relaying messages between independent blockchain networks, and linking them together. Because not every chain is IBC compatible, Cosmos has gotten around this with the introduction of a “peg zone” that’s able to bridge zones within Cosmos to external blockchains such as Ethereum and Bitcoin. Cosmos also offers a software development kit that can be used by coders to create alternative versions of their dApps for different, compatible blockchains. Another blockchain that’s following the ecosystem approach is Polkadot, which has developed a network of interoperable parachains that are linked to its central Relay Chain. Each of the parachains on Polkadot’s network hosts its own, specific project or dApp, with some of the most interesting being Moonbeam, Centrifuge, Manta Network, and Parallel Finance. Each parachain is designed in a way that ensures optimal performance for the specific dApp it supports. To ensure scalability, Polkadot provides a common set of validators for every parachain within its ecosystem. By spreading transactions across its ecosystem of parachains, they can be processed faster. At the same time, because the parachains all share the same architecture, they all support cross-chain transactions. Polkadot is strongly supportive of developers too. It’s possible to create a customized blockchain using Substrate that’s natively compatible with all other chains on the Polkadot network. Horizen bills itself as the most secure, interoperable blockchain ecosystem supported by the most decentralized, multi-tier node infrastructure in the crypto industry. It enables interoperability between blockchains through a protocol called Zendoo, which uses a novel sidechain construction that’s tailored to be compatible with Horizen’s main chain while adapting to other blockchains. Secure, decentralized cross-chain communications are conducted via a sidechain that’s enhanced with privacy-preserving zk-SNARK technology. With Zendoo, a Bitcoin-based protocol can operate with any other domain-specific blockchain or blockchain-like ecosystem, with the protocol only updated once to introduce the required mechanism for deploying sidechains that enable cross-chain transfers. One key advantage of Horizen’s method is that Zendoo enables backward transfers to be verified by the main chain without the use of external certifiers or validators. In other words, the main chain does not monitor the sidechains and knows nothing about their internal structure, boosting security. Zendoo does this through the generation of recursive proofs of each sidechain state transition. Any discussion of blockchain interoperability should also mention the efforts of Chainlink, which is a Web3 platform that provides oracle services to smart contracts hosted on any blockchain network. Its primary focus is not so much on blockchain-to-blockchain interactions, but rather on enabling smart contracts to interact with real-world networks. It gives new industries access to any blockchain, enabling dApps to integrate with Web2 software and systems. Oracles play a key role in facilitating communication between blockchains and things that happen in the real world. For example, they allow blockchains to monitor traditional financial markets, and react to events such as sports results, the weather, and more. By enabling this kind of interoperability, Chainlink is emerging as a crucial link between blockchains and third-party data. Blockchain Interoperability Is Crucial The success of any dApp has long been tied to its ability to interact with the growing number of blockchain networks and legacy-based systems in the world. Blockchain interoperability is crucial because it lowers the barrier of entry, enabling more users to engage with protocols and conduct transactions freely. As blockchain interoperability has improved thanks to the efforts mentioned above, users now have multiple ways to move their data and assets across networks, making the dApps that use them much more flexible. Instead of being restricted to a single blockchain, smart contracts can now interact with almost any network and even tap into real-world data. Interoperability allows dApps to support more flexible use cases, helping to spur more widespread adoption of crypto in general. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.