Manta Network deploys Layer-two on the mainnet

The Manta Network blockchain undertaking funded by Polychain Capital and Binance Labs has announced the implementation of layer two termed Manta Pacific on the mainnet.

Manta Network deploys Layer-two on the mainnet

According to the hottest announcement from Manta Network, the Layer-two Pacific resolution has officially launched on the mainnet right after the finish of the testnet phase.

As of July 2023, the developer of Manta Network was p0x labs effectively raised $25 million for Series A round, with leadership from Polychain Capital and Qiming Venture Partners. This round of capital raising brought the complete valuation of the undertaking to $500 million.

Regarding technological innovation, the undertaking stated that Manta Pacific Level two is an EVM-compatible deployment degree mixed with Zero Knowledge (ZK)supports consumer information and facts protection attributes.

Manta Pacific will use the class Data availability from Celestia to improve protection and minimize charges. Furthermore, the challenge of scaling will be supported by OP Optimism Stackby means of the Caldera lean resolution.

Kenny Li, a single of the principal contributors of Manta Network, shares:

“After a successful testnet period, Manta Pacific will leverage its strengths by leveraging Celestia’s level of data availability to deliver on-chain interactions at a lower cost than other L1s and L2s.”

Manta Pacific’s testnet phase is also thought of a accomplishment by the undertaking. Layer-two garnered participation from 150,000 wallet addresses, as properly as the on-chain gaming application zkHoldEm, identification resolution zkMe, and information verification zkPass.

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