Manta Foundation Announces Strategic Investment in Cycle Network
The Manta Foundation is delighted to announce its strategic investment in Cycle Network, a successful applicant in our inaugural $50 million EcoFund.
We join a distinguished list of investors including Summer Ventures, Vertex Ventures, Great South Gate, SuperChain Capital, Vertex Labs, LiquidityTech, and others.
We commend the Cycle Network team for their hard work and ambition thus far. Our investment aims to support their journey toward achieving greater success.
Why Cycle Network?
The Manta Foundation’s strategic investment in Cycle Network is driven by a shared vision to push the boundaries of Web3 development, particularly in enhancing liquidity, cross-chain connectivity, and efficiency across ecosystems. Cycle Network introduces chain abstraction, enabling seamless interaction across all blockchain layers and networks.
By integrating Cycle Network with Manta Pacific, users to mint Manta assets from any network without the need for bridges, significantly boosting liquidity across the ecosystem. Furthermore, Cycle Network’s ability to facilitate trustless global state proof and efficient cross-chain interactions aligns with the Manta Foundation’s goal of creating a more connected, cost-effective, and user-friendly UX.
Moving Forward
As an applicant of the Manta Foundation EcoFund, Cycle Network will receive comprehensive support including funding, marketing resources, and technical assistance. This ensures that Cycle Network can fully realize its potential and further contribute to the robustness of Manta Pacific.
EcoFund Benefits:
- Funding Support: To aid in the development and deployment of their platform.
- Marketing Resources: To increase awareness and engagement within Manta Network and beyond.
- Seamless Integration: Assistance with integrating their platform onto Manta Pacific, ensuring a smooth transition and optimal performance.
Apply Now
Elevate your vision by joining the Manta Network ecosystem. Apply for the Manta Foundation $50 million EcoFund and gain access to direct investment or grants, along with comprehensive support including mentorship, VC connections, marketing assistance, technical support, listing services, and opportunities to feature at our events.
Discover more and start your journey at foundation.manta.network today.
About Cycle Network
Cycle Network overcomes the limitations of current blockchain technologies by introducing secure chain abstraction. This allows developers to seamlessly program across all Web3 environments without being constrained by specific blockchain layers or platform restrictions. Utilizing advanced verifiable state aggregation and the Omni State Channel Indexer (OSCI), Cycle Network provides trustless global state proof across Layer 1, Layer 2, and application chains. By integrating Omni ZK-Rollup and ZK hardware acceleration, Cycle ensures efficient and secure cross-chain interactions, ultimately enhancing the developer and user experience.
About Manta Foundation
The Manta Foundation is dedicated to fostering innovation and growth within the Manta Network ecosystem. With a $50 million EcoFund, the Foundation aims to accelerate the development of native applications and support technology partners. Through initiatives like the Manta Network Ecosystem Grant Program, the Foundation provides vital resources and funding to projects that contribute significant value to the ecosystem. The goal is to create a thriving, innovative community that leverages the strengths of Manta Network’s modular architecture to advance decentralized technologies and applications.
