The Manta Foundation has launched a $50 million ecosystem fund to support projects exploring the Manta Network’s Web3 space. The initiative, starting June 15, targets developer teams building within the Mantaverse.
This fund aims to accelerate growth, with $35 million allocated for direct investments and $10 million for early-stage project grants. It offers unique support for DeFi, Gaming, and NFT projects within the Manta Network.
A standout feature is the $2 million earmarked for AI, DePIN, zero-knowledge, and memecoin projects. Additionally, $5 million is set for hackathons, and $4 million for general grants.
Manta Network’s total value locked (TVL) stands at $53.4 million, reflecting its significant growth in zero-knowledge applications. This fund is strategically vital for fostering innovation and expanding the Manta ecosystem.
