Manta Network, a leading modular blockchain for zero-knowledge (ZK) applications, has announced its inclusion in Cyberport, Hong Kong’s premier digital technology flagship and entrepreneurship incubator. Operated by the Hong Kong Cyberport Management Company Limited, a wholly owned entity of the Hong Kong SAR Government, Cyberport is a highly selective program that serves as a springboard for innovative technology startups.
🇭🇰 @MantaNetwork joins Hong Kong’s exclusive digital technology flagship and incubator, Cyberport.
Manta continues its commitment to expansion in Asia through this program. With resources from HK’s Cyberport, Manta will build a strong local presence.https://t.co/OWVpj5MLxz
— Manta Network (🔱,🔱) #MantaRenewParadigm (@MantaNetwork) April 15, 2024
Manta Network’s entry into Cyberport marks a strategic step towards expanding its footprint in Asia’s Web3 ecosystem. With Cyberport’s extensive resources and support, Manta Network aims to explore and develop real-world applications in financial, education and other traditional sectors, effectively bridging the gap between Web2 and Web3 technologies.
Kenny Li, co-founder of Manta Network, expressed his gratitude for Cyberport’s support, saying: “Cyberport has been very generous in sharing its resources to push Manta in the right direction for strategic growth in Hong Kong and greater Asia. We are honored to be accepted into this prestigious program, especially as a showcase of our commitment to expansion in Hong Kong.”
Facilitating Web3 adoption with core technologies
Manta Network brings its core technologies to the table, including Manta AI, to facilitate the adoption of new use cases for traditional businesses in Hong Kong and beyond. The company’s modular L2 ecosystem, Manta Pacific, is designed for EVM-native ZK applications and dApps and promises low-cost and high-quality user experiences. By leveraging Manta’s Universal Circuits for ZK-as-a-Service and Celestia’s data availability for modularity, Manta Pacific provides an ideal environment for ZK-compatible applications, paving the way for innovative solutions across industries.
Founded by a team of experienced professionals from prestigious institutions such as Harvard, MIT and Algorand, Manta Network has raised investments from top Web3 investment funds including Binance Labs and Polychain Capital. The company has also participated in renowned Web3 accelerators such as Alliance DAO and Berkeley Blockchain Xcelerator. Manta Network is poised to usher in the next generation of Web3 applications, with a focus on zero-knowledge technologies, marking a new chapter in the evolution of the digital landscape.
The Cyberport program will run for two years and focus on research and development, as well as general growth initiatives. The program starts in Hong Kong and aims to expand Manta Network’s reach across the rest of Asia. Manta Network plans to work closely with regulators to build long-term sustainable use cases, with the program set to conclude in 2025.
