According to TechFlow, on September 4, Manta Foundation announced a strategic investment in Cycle Network. Cycle Network is one of the successful applicants for Manta Foundation's first $50 million ecological fund.
The investment aims to improve liquidity, cross-chain connectivity and efficiency across the ecosystem. Cycle Network introduces chain abstraction technology, enabling users to seamlessly interact across all blockchain layers and networks.
By integrating with Manta Pacific, users can mint Manta assets from any network without the use of bridges, significantly improving liquidity across the entire ecosystem.
