PANews reported on June 13 that the Manta Foundation announced the official launch of the Manta Foundation Ecosystem Fund, a $50 million fund pool that includes direct investment and funding plans for the ecosystem. Applications are now open. Of this, $35 million will be used to directly invest in projects on the Manta Network; $10 million will be used to fund DeFi, AI, ZK, games, Memecoin and other fields; and $5 million will be used to host hackathons and events to develop the Manta community. The $50 million grant comes directly from the foundation's treasury.