Manta Network, the privacy protocol for Polkadot, sold 80 million of its governance MANTA tokens to raise $28.8 million. The project sold 8% of its 1 billion fixed supply at its Squad Game token generation event hosted by Tokensoft, which saw widespread participation from the Manta community.
This latest funding round comes after the $5.5 million funding round that took place last month, which was led by CoinFund and ParaFi Capital. Before this, it had a $1.1 million round led by Polychain Capital in 2021 itself.
After winning the parachain network on Polkadot’s canary network Kusama, Manta Network is now preparing for the next stage of its development with the forthcoming Polkadot parachain auctions, which officially began on November 11.
$130 million have already been