KaratDAO Joins Manta Ecosystem To Give Users Control Over Their Personal Data
Manta Network, the fastest zero-knowledge layer one protocol focused on on-chain privacy, is pleased to announce that KaratDAO has joined Manta Ecosystem to issue zkSBT for their validators and claimers through the NFT Private Offering (NPO) platform. NPO will be utilized by ecosystem projects to mint privacy-enhanced non-fungible assets for use within their applications.
Karat is a decentralized data identity protocol using Zero-Knowledge and Multi-Party threshold Cryptography technologies. Karat utilizes proprietary on-chain indexing and behavioral tagging technologies to generate unique user analytics insights and allows users to share and control their Web2 and Web3 data while earning rewards for participating in the network. Karat aims to bridge the gap between Web2 and Web3 for all users. It wants to onboard 100 million users to the blockchain by connecting their Web2 and Web3 identities and providing them with the infrastructure. Karat helps users truly own and control all of their digital footprints and identity data for social, medical, and financial purposes. It wants everyone to be able to own and control their personal data and use it for their own benefit, rather than letting big companies exploit it without their consent.
To encourage participation and incentivize contributions, Karat has developed an engaging Game-Fi mechanism called “Verify to Earn.’’ By leveraging Manta’s NPO platform, Karat will release zkNFTs on the “Verify to Earn’’ system, which will allow participants to earn rewards and enhance the privacy of their personal information. In the “Verify to Earn’’ system, users create their own unique “Karat IDs’’ by verifying their Web2 and Web3 credentials (such as their wallet address, Twitter, Facebook, and email). Each Karat ID can claim one Claimer Pass zkNFT. This ID makes users eligible for future $KAT token airdrops and unlocks additional benefits of participating in the ecosystem. “Verify to Earn” has two distinct roles: the Validator and the Claimer. The Validator role is designed for individuals who are interested in bringing a large number of users to the network. The more users that a Validator invites, the more zkNFTs and scores he/she receives. Claimer role is designed for all Web3 users, who simply select their favorite Validator and participate in the “Verify to Earn’’ system to earn zkNFTs and scores.
NPO is a decentralized zkNFT/zkSBT Launchpad that combines zero-knowledge technology with NFTs, enabling private minting and verification. With NPO, users can easily mint NFTs and SBTs while maintaining the privacy of their crypto assets. By leveraging Manta Network’s zkAddress tooling, NPO enables users to mint NFT/SBT on their zkAddress while using public addresses’ tokens to pay for the minting fee. Manta’s NPO platform is a game-changer in web3. It enables the launch of zkSBTs, which are private and user-friendly SBTs. Leveraging Manta’s MantaPay ZK circuit, NPO provides a secure and decentralized way for users to mint and verify NFTs and SBTs, ensuring that all transactions are conducted with the utmost privacy and confidentiality.
About Manta Network:
Manta Network is the zero-knowledge layer 1 blockchain with the fastest prover speed and most decentralized trusted setup that brings programmable privacy to web3. Its suite of core products and technologies, including zkNFTs and MantaPay, offers user-friendly access to powerful ZK-enabled use cases. The project is created by a team of experienced founders from prestigious institutions, including Harvard, MIT, and Algorand. The team began its research on Zero Knowledge Proofs in 2019 during a cross-border payment research project under the MIT Digital Currency Initiative with the Monetary Authority of Singapore. Manta Network has received investments from many of the top web3 investment funds, including Binance Labs and Polychain Capital. It has grown through participation in the best web3 accelerators, including Alliance DAO and Berkeley Blockchain Xcelerator. Manta Network is poised to bring the next generation of web3 users and usher in a new chapter of privacy-focused web3 applications.
Karat is a sharable fully on-chain Web 2 & 3 data middleware using Zero Knowledge and Multi-Party threshold Cryptography technologies. We just started our second round at $20 million valuation. We currently have 250k registered users and have over 100 protocols using our infrastructure. Our current investors include Longlin Capital, Bitmart, Emurgo Venture, Milestone Capital, Blackbull Venture, and Uphonest Capital.