Manta Network, a privacy-focused blockchain platform, has introduced support for non-fungible assets such as SBTs and NFTs, which can now be launched through its new NPO (NFT Private Offering) platform.
The platform uses Manta Networkâs zk (zero-knowledge) technology to provide privacy-preservation support to non-fungible crypto assets. NPO, which is a launchpad for zkNFT/zkSBT, enables private minting and verification of NFTs and SBTs. It leverages Manta Networkâs zkAddress tooling and MantaPay ZK circuit to privately mint NFTs/SBTs on zkAddress while using public tokens to pay minting fees.
NFTs and SBTs are digital identity tokens that represent a person or entityâs characteristics, features, traits, and achievements. While NFTs are transferable or tradeable, SBTs cannot be transferred or traded between different owners. Manta Networkâs zkSBTs are enhanced SBTs that use ZKPs to provide security and privacy features. They allow for secure and private minting without revealing any additional information beyond the validity of the transaction itself.
Manta Networkâs NPO platform is set to revolutionize the process of generating and minting zkNFT/zkSBT. It allows users to launch zkSBTs privately without requiring any technical or cryptographic experience.
Mantaâs NPO platform is a game-changer in web3 as it provides a secure and decentralized way for users to mint and verify NFTs and SBTs, ensuring that all transactions are conducted with the utmost privacy and confidentiality.
The introduction of SBTs and NFTs on the Manta Network through the NPO platform brings privacy to web3 and supports more decentralized asset classes. The use of Manta Networkâs zk technology enables frictionless NFT minting with verifiability on-chain or off-chain without the need to disclose public addresses or linked assets. Developers can now build without in-depth knowledge of cryptography or ZKP for web3 or web2 applications, opening up new opportunities for developers to create zkNFT/zkSBT projects including mobile applications, DApps, and projects based on NPO.
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This article was republished from azcoinnews.com