Manta Network

Manta Network

Verified
A decentralized market that protects against activity tracing and preserves user privacy. Learn more

Launch date
Employees
Market cap
-
Net debt
-
Enterprise valuation
$500m (Public information from Sep 2023)
Boston Massachusetts (HQ)
Deals in current and previous year:

Financials

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Revenues, earnings & profits over time
USD202120222023
Revenues000000000000
% growth-56 %-
EBITDA000000000000
Profit000000000000
EV / revenue00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x
R&D budget000000000000
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$25.0m

Valuation: $500m

Series A
Total Funding000k

Recent News about Manta Network

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More about Manta Networkinfo icon
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Manta Network is a cutting-edge technology startup that operates in the blockchain and cryptocurrency market. The company's primary offering is Manta Pacific, a scalable and secure platform for Zero-Knowledge (ZK) applications. ZK applications are a type of software that allows users to prove that they know a value, without revealing what that value is, providing a high level of privacy and security.

Manta Pacific is built on the Ethereum blockchain, a decentralized platform that enables developers to build and deploy smart contracts and decentralized applications (dapps). The platform is designed to be developer-friendly and app agnostic, meaning it can be used across different chains and in various environments, including mobile apps.

Manta Network's business model is based on providing a high-speed, low-cost infrastructure for building and launching dapps. The company achieves this by leveraging Celestia's modular data availability and a modified OP Stack, which results in lower gas fees (transaction costs on the Ethereum network) and higher scalability.

In addition to its core platform, Manta Network also offers a range of tools and services for developers, including Software Development Kits (SDKs) and proof keys. These tools make it easier for developers to integrate on-chain identity into their applications.

Manta Network also offers a unique feature called Universal Circuits. These are a library of ZK-enabled contracts that developers can use in their existing Solidity smart contracts and dapps. This feature opens up new use cases for ZK technology, including on-chain gaming and seamless on-chain Know Your Customer (KYC) verification.

The company's clients are primarily developers and businesses in the blockchain and cryptocurrency space. However, the applications built on Manta Pacific have the potential to serve a wide range of end users, from DeFi to gaming to social apps.

Keywords: Blockchain, Ethereum, Zero-Knowledge Applications, Dapps, Scalability, Low Gas Fees, Developer Tools, Universal Circuits, On-Chain Identity, KYC Verification.

Tech stack

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Investments by Manta Network

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