Early-stage projects building on Manta Network can receive up to $50,000 in grants.
Manta Network, the layer-2 modular network for zero-knowledge applications, has established a $50 million ecosystem fund through its parent, Manta Foundation, to accelerate project development on its blockchain.
“The $50 million allocation will last for one year starting from June 15th,” Manta wrote. “All applicants who successfully receive our grant or direct investment will fall under the EcoFund Program.”
A zero-knowledge (ZK) proof is a cryptographic protocol that enables one person (the prover) to convince another (the verifier) that a particular claim is true without disclosing any details about the claim itself. ZK-proofs are crucial in the world of cryptocurrencies for allowing anonymous transactions without disclosing the particulars of the transaction or the identity of the users.
