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Cryptocurrency News Articles

Interview with Kenny Lee, Co-Founder of Manta Network

Jan 28, 2025 at 06:00 pm

Growing with the 'Manta Never Stops' Motto…Accelerating Post-TGE Growth Expanding the DeFi Ecosystem with Fast Finality

Interview with Kenny Lee, Co-Founder of Manta Network

Manta Network (MANTA) plans to accelerate ecosystem expansion through its decentralized finance (DeFi) popularization strategy this year.

In an interview with Bloomingbit on the 25th, Kenny Lee, Co-Founder of Manta Network, shared his future goals.

"The motto of Manta Network is 'Manta Never Stops.' Over the past four years, we have continued development with over 60 team members worldwide without stopping, and we plan to move forward to achieve the best results."

Manta Network is a multi-module ecosystem for zero-knowledge (ZK) applications. It provides the Ethereum Layer 2 (L2) network Manta Pacific. Manta Pacific has set a new standard for modular data solutions within the Ethereum ecosystem by utilizing the Celestia-based modular DA (Data Availability) for the first time, drawing attention from the global blockchain industry.

"Since the Token Generation Event (TGE) last January, we have achieved notable results such as the introduction of Manta AI, an AI development tool for developers, and the operation of the Manta Pacific zkApp Accelerator to support growing teams within the ecosystem," said Kenny Lee, adding, "As the network scale grows, this expansion will accelerate even further."

Furthermore, Manta is expanding its ecosystem in various ways, including joining the Hong Kong government-supported innovation program Cyberport, establishing a $50 million Eco Fund, partnering with BONK to promote meme culture within the Manta Network, introducing the Gain Program for Layer 2 gas fee rebates, and adopting Fast Finality through a partnership with Symbiotic.

"In 2025, we will continue to achieve greater results with our team and community, true to the motto 'Manta Never Stops,'" added Kenny Lee.

Kenny Lee stated that the core of Manta Network's expansion in 2025 lies in the adoption of 'Fast Finality.'

Manta Pacific utilizes Optimistic Rollup, which requires a challenge period for transaction verification to proceed with Layer 2 transactions. Typically, Optimistic Rollup can take up to a week, but Manta Pacific previously required about a three-day verification period for fund withdrawals.

However, with the adoption of Fast Finality through collaboration with Symbiotic, Manta Pacific's verification period has been reduced to minutes.

"The adoption of Fast Finality has significantly improved user experience and security, along with reducing asset withdrawal times for Manta Pacific."

Moreover, Manta Pacific plans to continue improving user experience and stability by securing architectural flexibility based on Celestia's modular DA.

"Manta Network will continue to expand new technologies that enhance security and scalability in ways that benefit user experience, without being tied to a single solution," explained Kenny Lee, adding, "We will build a Layer 2 that can continuously evolve in the Web3 space."

Original source:bloomingbit

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