Cryptocurrencies, blockchain, NFT and new trends

Manta Network seeks to bring privacy to nonfungible crypto assets with new NPO platform

Zero-knowledge layer 1 blockchain Manta Network announced on March 20 that it had added support for assets, including nonfungible tokens (NFTs) and soulbound tokens (SBTs), to its protocol. The MantaPay protocol, which initially supported only fungible crypto assets, promises to now allow for privacy-preservation support for NFTs and SBTs through the use of Manta Network’s ZK technology. ZK technology is a privacy-focused technology that uses zero-knowledge proofs (ZK proofs) to enable fully private transactions on decentralized finance (DeFi) platforms.

The company said that its NFT Private Offering platform is a launchpad for NFTs and SBTs that seeks to enable users to privately launch zkNFTs/zkSBTs without requiring technical or cryptographic expertise. Through the use of zero-knowledge proofs (ZKPs), users are meant to securely and privately mint NFTs and SBTs while protecting the privacy of their crypto assets. This platform promise to ensure that only the validity of the transaction is revealed without disclosing any additional information.

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