An Analytical Deep-Dive into ZK
Manta Network has been at the forefront of on-chain privacy in the web3 space since the project’s inception, utilizing zero-knowledge proofs to drive innovation and establish itself as a leader in the field. Despite initial industry uncertainty about the technology, Manta has amassed a team of top cryptographers and continued to advance ZKPs through initiatives like ZPrize and OpenZL. The company has also made ZKPs more tangible through MantaPay and its record-breaking Trusted Setup Ceremony.
In recent years, ZKPs have gained widespread interest in the web3 space, with Manta Network at the forefront of this adoption. Data shows the increasing importance of ZKPs in driving overall web3 adoption, highlighting the crucial role that Manta Network’s innovation has played in this development.
Note: Numbers represent search interest relative to the highest point on the chart for the given region and time. A value of 100 is the peak popularity for the term. A value of 50 means that the term is half as popular. A score of 0 means there was not enough data for this term.
When we look at the Google Trends data of the last 5 years, we can easily see that the number of people who are curious about zero-knowledge technology has increased. At Manta Network, we will be doing our best so that you can learn and closely follow this technology we know will transform the web3 ecosystem.
Firms Using Zero-Knowledge Proof and Their Investments
There are currently many companies trying to offer various solutions/services using zero-knowledge proof technology, and this technology attracts the attention of investors as well as users. What do you think is the total value of the investment made in the 6 big companies using ZKPs, including Manta Network?
According to the data from Crunchbase, the results show $978.3 Million.
Yes, almost $1 billion has been invested in 6 major companies using zero-knowledge proof technology. This support from investors does not go unnoticed by users.
These investments were made by 126 investors in total. ZKPs, which provide advantages in many aspects such as scalability, privacy and security, as well as the development of the web3 ecosystem, seem to be talked about more in the future.
Familiar Names in Zero-Knowledge Proof Investments
It is obvious that it is a technology that attracts investors, but is there any familiar names among these investors?
Certainly! In fact, one of the best examples that can be given may be Binance Labs. They became one of the strategic investors of Manta Network in 2022 and shared their support with us.
Polygon announced that it would make another ZKP investment, which took place in 2022. Ethereum scaling solution Polygon has announced that it will allocate a maximum of 250 million MATIC ($627.5 million at the time) to a deal with zero-knowledge cryptography startup Mir.
Notable for its investments in crypto and blockchain technology, the San Francisco-based investment firm Polychain Capital has also invested in several ZKP projects, including Manta Network.
Where can ZKPs offer solutions?
The transparency of public blockchains such as Bitcoin and Ethereum ensures that transactions are publicly verified. However, it also means very little privacy. Zero-knowledge proofs can bring greater privacy to public blockchains. That’s what Manta Network is aiming for.
We use zk-SNARKs to provide complete end-to-end anonymity, high throughput, and high cross-chain interoperability (supporting Polkadot and its parachains). This includes a decentralized privacy payment protocol, a decentralized privacy token exchange protocol, and a decentralized privacy lending and synthetic asset protocol to be developed in the future.
As interest in zero-knowledge proofs continues to surge, Manta Network remains committed to driving innovation in the ZK space and bringing on-chain privacy to web3. In 2023, the company plans to make much of its research and design available to users in a bid to provide decentralized self-sovereignty in a secure and private manner. To get a sneak peek at Manta’s products, you can participate in the MantaPay testnet. Stay up to date on the latest news and innovations from the project by joining the Manta Network community on Discord and become among the first to access main net tools and services.