BOSTON, MA/ACCESSWIRE/April 7, 2022/ Manta Network, the privacy hub for Web3, is proud to announce its official partnership with Axelar to link crypto assets to be privatized within Manta Network’s L1 privacy solution. Axelar is the universal overlay network, securely connecting all blockchain ecosystems, applications, assets and users to deliver Web3 interoperability. This strategic partnership will enable the privacy of assets from other chains, including Ethereum, Polygon, Avalanche, and Terra.

By linking the Axelar Network, Manta Network will be able to privatize crypto assets from existing networks and dapps beyond the Polkadot ecosystem. Leveraging this access, Manta Network intends to expand the adoption of its ZKP privacy technology across the entire Web3 ecosystem of projects and networks.

“In our mission to bring privacy to Web3, we are focused on extending Manta Network’s privacy capabilities to other channels and projects,” said Shumo Chu, co-founder and main contributor of Manta Network. “Axelar’s decentralized bridge provides us with an excellent solution. They enable both decentralization, high performance and security. Their bridge-hub design (instead of P2P bridge) can link Manta to a wide variety of channels. I worked with the founders of Axelar during my time at Algorand. I have great confidence in the execution of their engineering team, which is extremely important to bridge safety.

“Allowing developers like Shumo and the Manta Network team to focus on their core functionality and build on the blockchain that best meets their users’ needs is Axelar’s raison d’être. “, said Sergey Gorbunov, CEO and co-founder of Axelar. . “Manta Network has taken a leadership position in Web3 security and we look forward to seeing this value proposition extend across the chain.”

About the Manta Network

Manta Network is committed to building a better Web3 world through privacy protection. Manta’s product design starts from first principles and provides end-to-end privacy protection for blockchain users through state-of-the-art cryptography architectures such as zkSNARK. While ensuring privacy, Manta offers interoperability, convenience, high performance and auditability, allowing users to perform private transfers and transactions between any parallel chain of assets. Manta’s vision is to provide more convenient privacy services for the entire blockchain world.

The founding team of Manta is made up of several cryptocurrency veterans, professors and academics with experience from Harvard University, MIT and Algorand. Manta investors include Polychain, ParaFi, Binance Labs, Multicoin, CoinFund, Alameda, DeFiance, and Hypersphere. Manta is also an official recipient of a Web3 Foundation grant, a member of the Substrate Builder program, and a member of Berkeley Blockchain Accelerator.

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About Axelar

Axelar is the universal overlay network, securely connecting all blockchain ecosystems, applications, assets and users to deliver Web3 interoperability. Axelar goes beyond pairwise services, supporting general message passing and program composability across all blockchain ecosystems. Development tools and APIs allow protocol and application developers to easily integrate interoperability. Axelar has raised capital from top investors including Binance, Coinbase Ventures, and Polychain Capital. Partners include major layer 1 blockchains, such as Avalanche, Cosmos, Ethereum, Polkadot, and Terra. The co-founders of Axelar are founding members of the Algorand team and award-winning graduates of MIT, where they received notable recognition as part of their graduate studies.

For more information, visit axelar.network, on Twitter at @axelarcore, or on LinkedIn at https://www.linkedin.com/company/axelar/about/.

Contact:

Kenny Li
[email protected]

THE SOURCE: Manta Network

See the source version on accesswire.com:
https://www.accesswire.com/696501/Manta-Network-Partners-with-Axelar-for-Bridging-Private-Assets

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