Manta Network announced its formal cooperation with Axelar to bridge crypto assets to privatize under Manta Network’s L1 privacy solution
Manta Network & Alexal To Bridge Crypto Assets
Axelar is the global overlay network that securely connects all blockchain ecosystems, apps, assets, and users in order to provide Web3 compatibility. This strategic alliance will provide anonymity for assets on other chains including as Ethereum (ETH), Polygon (MATIC), Avalanche (AVAX), and Terra (LUNA).
By bridging over the Axelar network, Manta Network will be able to privatize crypto assets from networks and dapps existing beyond the Polkadot ecosystem. Leveraging this access, Manta Network intends to expand the adoption of its ZKP privacy technology to the entire Web3 ecosystem of projects and networks.
Axelar is the global overlay network that securely connects all blockchain ecosystems, apps, assets, and users in order to provide Web3 compatibility. Axelar goes beyond paired services by enabling generic message forwarding and program composability across all blockchain ecosystems. APIs and developer tools make it simple for protocol and application developers to implement interoperability.
Manta Network is dedicated to making the Web3 world a better place by protecting people’s privacy. Manta’s product design begins with the fundamentals and delivers end-to-end privacy protection for blockchain users with advanced cryptographic designs such as zkSNARK. Manta provides interoperability, ease, high performance, and auditability while preserving privacy, allowing users to execute private transfers and transactions across any parallel chain of assets. Manta’s mission is to make privacy protection services more accessible to the whole blockchain community.
Quotes
Shumo Chu, Co-founder and core contributor to Manta Network, said: “On our mission to bring privacy to Web3, we are focusing on broadening Manta Network’s privacy capabilities to other chains and projects. Axelar’s decentralized bridge provides an excellent solution for us. They achieve decentralization, high performance, and security at the same time. Their bridge-hub design (instead of P2P bridge) can bridge Manta to a wide variety of chains. I have been working with Axelar founders during my time at Algorand. I have a lot of confidence in their engineering team’s execution, which is exceedingly important to bridge security.”
Sergey Gorbunov, CEO and Co-founder of Axelar, added: “Allowing developers like Shumo and the Manta Network team to focus on their core functionality, and build on the blockchain that is best for their users’ needs, is what Axelar is all about. Manta Network has taken a leadership position in Web3 security and we look forward to seeing that value proposition extend across chain.”
