Panther Protocol Raises Over $22 Million To Unlock Siloed DeFi Value Between Public Blockchains
Panther Protocol has completed its Public Sale, which took under 90 minutes to raise over $22 million. The overwhelming support from investors and enthusiasts confirms the need for privacy and interoperability in decentralized finance and the broader Web3 ecosystem.
Achieving interoperability in the decentralized finance and Web3 environments requires new infrastructure. Panther Protocol will provide APIs and SDKs to help developers achieve privacy-by-default. Providing that a privacy-oriented approach can be achieved even without detailed knowledge about cryptography or privacy technology,
The Public Sale for panther Protocol confirms the overall excitement for privacy solutions in DeFi. Financial information is publicly visible on a blockchain, making it a commercial commodity that may fall into the wrong hands. Through its end-to-end privacy solution, Panther Protocol aims to change that narrative. Raising over $22 million in under 90 minutes indicates many people see merit in this approach.
Panther Protocol CEO and co-founder Oliver Gale comments:
“This raise as part of our public sale demonstrates a huge demand for an interoperable, compliance compatible privacy protocol. We are grateful for this overwhelming interest in our project and are confident that this signals the importance of Panther’s mission – enhancing freedom and privacy for DeFi and Web3.”
As the DeFi industry continues to grow by leaps and bounds, the time has come to provide infrastructure elevating this segment to the next level. Privacy-by-default across public blockchains is an integral step in that process. Moreover, Panther’s approach achieves interoperability between Ethereum, Elrond, Songbird, Flare, Polygon, and NEAR, enhancing the Web3 like never before.
Panther Protocol co-founder Anish Mohammed comments, “As with duality of light, privacy has a dual nature, we are in the history of privacy where we are just reconciling, privacy’s dual nature. Panther protocol has managed to allow both privacy and authenticity, by combining zero-knowledge proof systems and selective disclosures.”
The funds raised during the Public Sale allow Panther to attract more team members. The project is supported by 33 experts across cybersecurity, DeFi, game theory, marketing, and other branches, with more members to be added over the coming months. Every team member will play their part in unlocking the value between siloed blockchains and establishing a decentralized ecosystem where privacy is enabled by default.
About Panther Protocol
Panther Protocol is an end-to-end privacy protocol for DeFi. Panther provides DeFi users with fully collateralized privacy-enhancing digital assets, leveraging crypto-economic incentives and zkSNARK technology. Users can mint zero-knowledge zAssets by depositing digital assets from any blockchain into Panther vaults. zAssets will become an ever-expanding asset class for users who want their transactions and strategies the way they should always have been: private. More information on tokenomics, exchange volumes and release schedule can be found here.Source