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Manta Foundation announces strategic investment in Cycle Network to boost Web3 cross-chain development.

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TechFlow
489Words
Sep 4, 2024

Deep Tide TechFlow News, on September 4th, according to official sources, the Manta Foundation announced a strategic investment in Cycle Network. Cycle Network is one of the successful applicants for the Manta Foundation's first $50 million ecological fund. The investment aims to promote Web3 development, especially in enhancing liquidity, cross-chain connections, and efficiency between ecosystems.

Cycle Network has introduced chain abstraction technology, allowing 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 need for bridging, significantly enhancing the liquidity of the entire ecosystem.

Previous News, the Manta Foundation announced the opening of applications for a $50 million ecological fund, aiming to nurture blockchain project ecosystems.

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