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Showing posts with the label layer

How Does Hugewin Cashback Mitigate Losses and Boost Prizes for Players?

The iGaming industry is in the midst of a fascinating boom. Projected to hit a staggering $137 billion by the end of the year, the online casino landscape, particularly in the crypto sphere, is expanding at a breakneck pace. However, this rapid growth has come with a significant caveat: a mixed bag when it comes to platform quality and p layer security. Gamblers, now more discerning than ever, are acutely aware of the potential pitfalls. This shift in awareness has fueled a powerful demand for safer, more reliable gaming experiences. We’re witnessing a heartening trend where player protection is no longer an afterthought but a core focus for many platforms. This commitment to security manifests in a variety of ways. Robust multi-factor authentication is becoming the norm, while sophisticated encryption systems are being deployed to safeguard sensitive data. The push for greater transparency and control extends to the individual p layer as well. Comprehensive ...

Manta Network Developer Raises $25M in Series A, launches layer 2 for ZK apps

The raised funds will be utilized to expand the network, attract more users and explore diverse use cases for Manta Pacific. P0x Labs, the cryptographic development team behind Manta Network, has announced that it raised $25 million in a Series A funding round, with leading contributions from Polychain Capital and Qiming Venture Partners in a company statement. This funding has resulted in a valuation of $500 million for the company. Additionally, Manta Network has introduced the testnet of its Layer 2 infrastructure, Manta Pacific, within its comprehensive ecosystem for zero-knowledge (ZK) applications, according to a company statement. The raised funds will be utilized to expand the network, attract more users and explore diverse use cases for Manta Pacific. In an interview with Cointelegraph, Kenny Li, the CEO of Mantra Network, highlighted the primary goal of Manta Pacific, which is to streamline the development of Features and applications, ensuring user-friendliness. Li said th...