Manta Network is proud to announce its partnership with ChainX. ChainX is committed to Layer 2 expansion and asset gateway research of Bitcoin, well positioned to provide high-performance transaction trusteeship and interoperability among chains in asset transfer.
Manta Network and ChainX will be working together to integrate Manta’s plug-and-play privacy protocol with ChainX. As a first step, ChainX intends to offer support for private XBTC transacting. XBTC is ChainX’s wrapped version of BTC, which offers users the the ability to transact BTC on other chains.
“Our goal is to bring privacy to every token,” says Victor Ji, Cofounder of Manta Network. “By partnering with ChainX, we’re able to start delivering on that promise. Even more exciting, we’re working on bringing privacy to the largest cryptoasset in the market. We’re eager to see what users will be able to do with this integration with ChainX’s XBTC.”
As part of the partnership, Manta Network will also be exploring ChainX’s upcoming encrypted messaging app. The teams will be working together to integrate private payment of XBTC to the app.
ChainX, the earliest launched project in Polkadot’s ecosystem, is committed to the research and application of Bitcoin layer 2 expansion, digital asset gateway and Polkadot second-layer relay chain, to realize cross-chain asset exchange, leading the new direction of Bitcoin Cross-DeFi.
About Manta Network
Manta Network is the plug-and-play privacy-preservation protocol built to service the entire DeFi stack. Built on Substrate to leverage interoperability and zkSNARKs to leverage scalable privacy, Manta Network offers a suite of products and services that enable privacy for blockchain projects. As part of its own suite of products, Manta Network offers private payment and a private decentralized exchange, MantaSwap. Manta’s founding team comprises many US cryptocurrency veterans, professors, and scholars whose experience include Harvard, MIT, and Algorand. Manta has previously closed a $1.1m seed round led by Polychain.