Altcoin Project Launches Ecosystem Fund Worth Tens of Millions of Dollars!

Manta Foundation, the team behind Manta Network (MANTA), has launched a multi-million dollar ecosystem fund.

According to information provided by BWEnews, Manta Foundation has launched a $50 million ecosystem fund. It was noted that the fund will be spent on applications, developments and innovations specific to Manta Network.

Many altocin projects had previously launched similar funds to encourage production on the ecosystem. Manta had recently managed to attract the attention of whales by launching a product called Manta CeDeFi.

Manta CeDeFi generates enterprise centralized finance (CeFi) revenue and funding rate arbitrage revenue using Ceffu MirrorX technology.

The price could not rise

The negative course of the cryptocurrency market prevented this positive news from being reflected in the MANTA price.

According to CoinGecko data, MANTA, which has lost 7% of its value in the last 24 hours, is traded at $ 1.40 at the time of writing.