{"id":312389,"date":"2021-11-25T09:23:55","date_gmt":"2021-11-25T14:23:55","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=312389"},"modified":"2024-05-31T11:13:46","modified_gmt":"2024-05-31T11:13:46","slug":"panther-raises-22m-to-build-defi-and-web3-privacy-layer","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/panther-raises-22m-to-build-defi-and-web3-privacy-layer","title":{"rendered":"Panther Raises $22m to Build DeFi and Web3 Privacy Layer\u00a0"},"content":{"rendered":"

Panther protocol public sale closes after 90 minutes with $22 million raised for DeFi and Web3 interoperable compliance-friendly privacy layer.<\/p>\n

Panther Protocol, an end-to-end privacy solution that creates privacy for DeFi and Web3 users across public blockchains. The total amount raised by Panther is now $32 million.<\/span><\/p>\n

Panther’s tech is of interest to those <\/span>DeFi users looking to benefit from personal financial data protection and confidential cryptocurrency transactions. Panther is currently building on Ethereum<\/a>, Polygon, Flare, Songbird, NEAR and Elrond.<\/p>\n

The protocol aims to create a private-by-default, decentralized ecosystem that unlocks the value that is currently siloed between blockchains.<\/span><\/p>\n

Compliance compatibility for Defi and Web3<\/h2>\n

“<\/span>This raise as part of our public sale demonstrates a huge demand for an interoperable, compliance compatible privacy protocol.<\/span>” says Panther Protocol CEO and co-founder Oliver Gale. <\/span><\/p>\n

“<\/span>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 Web<\/span>3.”<\/span><\/p>\n

Through the public sale, the company is offering the opportunity for wider community engagement and participation in an end-to-end privacy protocol for DeFi and Web3 users.<\/span><\/p>\n

The DeFi space has seen unprecedented growth with Panther demonstrating over $500 million worth of interest. <\/span><\/p>\n

In addition to developing a robust set of APIs, SDKs and custom integrations, Panther will allow builders to provide privacy features within their apps without needing a highly specialized team of cryptographers and privacy tech engineers to do so. <\/span><\/p>\n

Panther protocol reconciles privacy and authenticity<\/h2>\n

Panther Protocol co-founder Anish Mohammed commenting on the announcement, said, “<\/span>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.<\/span>” <\/span><\/p>\n

Since the company’s founding it has been steadily growing it team of experts, now consisting of over 33<\/span> leaders in cybersecurity, cryptography, blockchain engineering, game theory, DeFi, ecosystem development, technology commercialization and marketing<\/span> with their team set to grow in the coming months. <\/span><\/p>\n

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. <\/span><\/p>\n

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. <\/span><\/p>\n

More information on tokenomics, exchange volumes and release schedule can be found <\/span>here<\/span><\/a>.<\/span><\/p>\n

Looking to buy or trade crypto now? Invest at eToro!<\/strong><\/p>\n

Buy Crypto Now<\/span><\/a><\/div>\n

Your capital is at risk<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Panther protocol public sale closes after 90 minutes with $22 million raised for DeFi and Web3 interoperable compliance-friendly privacy layer. 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