Manta Network developer p0x labs completed a $25 million Series A financing at a valuation of $500 million, led by Polychain Capital and Qiming Venture Partners

ChainCatcher news, according to TechCrunch, Manta Network developer p0x labs has completed a $25 million Series A funding round at a valuation of $500 million. This round was co-led by Polychain Capital and Qiming Venture Partners, with participation from Alliance, CoinFund, and SevenX Ventures.

It is reported that this funding will be used to expand the ZK Layer 1 blockchains of Manta Pacific and Manta Atlantic to achieve compliant on-chain privacy. (Source link)