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Manta Foundation Launches the Manta Foundation EcoFund

Twitter icon  •  Published 7 months ago on June 14, 2024  •  Hassan Maishera

Manta Network announced via X on Thursday that the Manta Foundation has launched the Manta Foundation EcoFund.

Manta Foundation Launches the Manta Foundation EcoFund

Manta Network announced via X on Thursday that the Manta Foundation has launched the Manta Foundation EcoFund. The fund is a $50 million pool that includes direct investment and our Ecosystem Grants Program.

The team added that this fund will target high-potential areas like AI, ZK, and DePINs to maximize the impact on the ecosystem, driving growth and technological advancements in these key areas and more.

Manta Network serves as the gateway for ZK applications, utilizing a modular blockchain and zkEVM to establish a new paradigm for an L2 smart contract platform. MANTA, the native coin of the Manta Network, is down by 1% in the last 24 hours and is currently trading at $1.377.

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.