Pacific

Manta Network

The development team behind <a target="_blank" href="https://tokeninsight.com/en/coins/manta-network/overview" rel="noopener noreferrer nofollow">Manta Network</a>, p0x labs, has raised $25 million in a Series A funding round. The round was led by <a target="_blank" href="https://tokeninsight.com/en/capitals/polychain-capital" rel="noopener noreferrer nofollow">Polychain Capital </a>and Qiming Venture Partners, valuing the project at $500 million. 
In conjunction with the funding, Manta Network has launched the testnet for its Layer 2 solution, Manta Pacific, aimed at developing zero-knowledge (ZK) applications within its modular ZK ecosystem, according to a statement. 
The funding will be allocated to expand Manta Pacific and Manta Atlantic, its ZK Layer 1 blockchain for compliant on-chain privacy, the team announced. 
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Manta Network Raised $25M, Led by Polychain Capital and Qiming Venture

TokenInsight

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