Manta Network is a multi-module zero-knowledge (ZK) application ecosystem that provides two main networks:
1. Manta Pacific: A unique L2 ecosystem on Ethereum. It can be used for EVM-native ZK applications, providing a scalable and low-cost gas fee environment through Solidity. It can make ZK applications easy to deploy and provide convenience for developers.
2. Manta Atlantic: The fastest ZK L1 chain on Polkadot. Introducing programmable identity and credentials, bringing innovation to web3 through zkSBTs. At the same time, it provides efficient functions and provides strong support for the development of the web3 ecosystem.
The combination of Manta Pacific and Manta Atlantic provides an unparalleled experience for the development and adoption of next-generation web3 applications, delivering enhanced privacy and security through the applied use of zero-knowledge cryptography.
Manta Network’s founding team comes from well-known institutions, including Harvard, MIT, and Algorand, demonstrating extensive experience. The project has received support from multiple top web3 investment funds, including Binance Labs, Polychain Capital, DCG, and (the late) Alameda.
In previous financing, p0x labs, the development team behind Manta Network, successfully raised US$25 million, led by Polychain Capital.
Manta Network aims to bring a new chapter of web3 zkApp applications to the next generation of web3 users and has achieved continuous growth through participation in the best web3 accelerators such as Alliance DAO and Berkeley Blockchain Xcelerator.
Main components:
1. Modular Data Availability:
- Celestia handles the call data for each transaction, significantly reducing the cost of processing each transaction on Manta Pacific.
2. Permissionless Smart Contracts:
- Projects on Manta Pacific can be deployed using Solidity-based smart contracts that are compatible with the EVM environment.
3. General circuit:
- Developers can leverage Manta Pacific’s universal circuits to build zero-knowledge (ZK) enabled applications.
- The circuit provides a general library of pre-compiled ZK circuits suitable for different use cases including DeFi, GameFi, identity recognition, etc.
4. zkEVM Proof:
- Transactions are batch verified once using zero-knowledge proofs to ensure cryptographic-level security.
Manta Pacific Advantages
Manta Pacific is a unique platform that supports EVM-native ZK applications, aiming to build on the vision of Celestia and zkEVM. By integrating Celestia's data availability layer, adopting a modular consensus mechanism, and leveraging zkEVM for scalability, Manta Pacific has established an accessible ZK development environment with the following outstanding advantages:
1. Modularity reduces gas costs and improves scalability:
- Manta Pacific’s modular stack provides superior scalability for future zkApps built on top of its ecosystem, effectively reducing gas fees.
2. Using Celestia’s data availability layer:
- Celestia uses state-of-the-art data availability sampling as the data availability (DA) layer, solving the L2 data availability problem in a trust-minimized manner through 2D Reed-Solomon erasure coding and namespace Merkle trees (NMTs).
3. Leverage Celestia’s modular data availability:
- Manta Pacific provides an ideal environment for building and launching dApps by integrating Celestia’s modular data availability to provide high-speed infrastructure at low cost.
4. Developer-friendly, unlimited applications:
- Manta Pacific launched Universal Circuits 2.0, which improves the developer experience of deploying EVM-native ZK applications and makes it easy to call Solidity smart contracts and ZK-enabled contracts through the ZK library.
5. New ZK use cases and real users:
- Provides Universal Circuits, a ZK library that enables developers to easily call ZK-enabled contracts in Solidity smart contracts and dApps, including zkContracts such as zkShuffle for on-chain games.
6. Non-intrusive compliance:
- Manta Network’s zkSBTs allow users to perform decentralized, trustless verification without exposing detailed information, providing seamless on-chain KYC verification.
In summary, Manta Pacific provides a powerful and user-friendly ecosystem for deploying and developing zero-knowledge applications on the Ethereum network by leveraging Celestia's data availability, modular consensus mechanism, and the features of zkEVM.
What is Manta Atlantic (Layer 1)?
Manta Atlantic is the fastest and most decentralized ZK Layer1, dedicated to supporting modular on-chain compliant identities. Its core product and technology suite includes zkNFT, staking, and ecosystem projects, providing users with friendly access to powerful ZK use cases.
While those focused on building zk identity layers with zk smart contract languages, Manta Atlantic is more focused on a ZK compliant credential layer with true adoption and interoperability, enabling other projects to implement interoperable identities without having to deal with any cryptographic work.
Manta’s zk circuit and infrastructure has been under development for two years and has a public account-based address system and a UTXO-based private address system, called zkAddress. zkAddress shields various information including SBT minting, on-chain credentials, and off-chain identities.
This is the first reusable, independent and auditable private address system. In addition, it is the first system to support multiple NFTs with its own seed phase that can be synchronized on different devices. By using Prove Key, users can share specific credentials of zkAddress without revealing zk identity.
What is Manta Pacific (Tier 2)?
Why do we need another L2?
At present, EVM-native ZK applications seem to have no suitable home. We firmly believe that ZK applications are the future of the next generation of decentralized applications because they pay extreme attention to user security in the traditional dApp experience; therefore, creating a perfect ecosystem for ZK applications is crucial to the continued growth and expansion of web3.
However, current solutions do not meet the needs of deploying and growing ZK applications in a scalable manner. General-purpose virtual machines (VMs), EVM blockchains, and zkEVM do not provide the tools to easily build and deploy ZK applications; if developers manage to deploy one, users face high gas costs and slow performance. ZK networks require developers to adopt new languages, locking these applications into specific ecosystems with limited user bases. Manta Pacific’s compelling features include:
- Manta Pacific provides programmable ZK as a second layer native to the EVM.
- Manta's general circuits use only Solidity, making it easy to develop ZK applications.
- Manta Pacific leverages Celestia for data availability and zkEVM for scalability, providing high scalability and low transaction fees for ZK applications.
Manta Pacific takes all the work that the Manta team has done on ZK and applies it directly to a scalable EVM environment designed for deploying ZK applications with the help of Celestia and zkEVM. All of this is designed to create a more ideal development space for ZK applications.
Ecological Construction
There are currently hundreds of ecological APP projects, including DEFI, infrastructure, social, identity, chain games, wallets, tools, etc.
Token Economy
As mentioned before, the total amount is 1 billion. In terms of token distribution, the ecosystem belongs to 21.9%, the foundation treasury to 13.5%, the team to 10%, public sales to 8%, strategic investment to 6.17%, institutional investors to 5%, airdrops to 5.60%, consultants to 8.1%, Binance launchpool to 3%, New Paradigm (airdrop 2) to 6.5%, initial circulation to 25%, and the remaining tokens to be released in 3 years.
The project has raised $60.4 million through private token sales and public token sales. In the private token sale, 24.11% of MANTA tokens were sold at a price of $0.025 to $0.5/MANTA, while in the public sale, 8% of MANTA tokens were sold at a price of $0.36/MANTA.
Why are you optimistic about Manta?
Apart from the track itself, the ecological development of the Manta project is eye-catching. On December 14 last year, its TVL was only 16 million US dollars. Currently, the TVL on the chain is also increasing rapidly, currently around 500 million US dollars, with a monthly growth of more than 1,700%.
The Manta network consists of two chains: Manta Atlantic and Manta Pacific. The former is a parallel chain of Polkadot, but the growth mainly comes from the latter.
Manta Pacific is an L2 on Ethereum that uses Celestia to provide data availability and is the first EVM native chain built specifically for Zk applications.
Recently, an event called “New Paradigm” was launched to attract users to participate in the ecosystem through token rewards, resulting in a significant increase in TVL.
Users can invite others, deposit ETH and USDC, participate in the Manta ecosystem, and more. In return, they receive$MANTA Token airdrop rewards.
Official news: There are already 150+ dApps deployed on their chain, many of which do not have tokens, which means there are a lot of opportunities to print money.
Experts can participate in the Eco-Bet airdrop, while novices can just hold the golden shovel $MANTA .
Finally, let's summarize this project. This wave of bull market will definitely be a bull market for L2. It can be seen from the TVL on major L2 chains that it has the fastest growth rate and the largest volume. The reason is simple. Where the money is (where the investment institutions invest their money), then there will be an explosion (there will be more opportunities). In the OP series of L2, the current leaders are already occupied by OP and ARB. The subsequent struggle will definitely focus on the ZK series of L2. In addition, TIA is a modular new narrative + L2, so this story is better, and the investment institutions behind it are also very powerful, so there is no problem with the fundamentals of the project. Then we predict the price, because we have seen that the private sale amount has reached 0.5 US dollars/manta before, and whether it is L1 or L2 that has been launched recently, the initial valuation is about 10 billion US dollars, so the corresponding currency price is about 10 US dollars.
