Panther raises $22M to total of $32M, demonstrates interest of over $500M

DeFi can take Ethereum higher than 2017 bull run

Panther Protocol, an end-to-end privacy solution that creates privacy for DeFi and Web3 users across public blockchains, raised over $22 million as part of their public sale, bringing the total funds raised to $32 million, Invezz learned from a press release.

Panther Protocol CEO and cofounder Oliver Gale said:

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.

Opportunity for broader engagement

The public sale enables the company to provide the opportunity for broader engagement and participation of Web3 and DeFi users through an end-to-end privacy protocol. Panther Protocol reflects the unprecedented growth of DeFi with over $500M worth of interest. Every DeFi user who wants to benefit from confidential cryptocurrency transactions and personal financial data protection will find the protocol highly useful.

Building on ETH, MATIC, Flare, and more

Panther is currently building on Ethereum (ETH/USD), Polygon (MATIC/USD), Flare, Songbird, NEAR Protocol (NEAR/USD) and Elrond (EGLD/USD). It will let builders provide privacy features within their apps without requiring the services of cryptographers and privacy tech engineers as well as develop a robust set of APIs, SDKs, and custom integrations. The idea is to create a decentralized, private-by-default ecosystem unlocking the value siloed between blockchains at this time.

Panther Protocol cofounder Anish Mohammed commented:

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.

A steadily growing expert team

Since Panther was founded, it has been growing its team of experts steadily. It’s currently comprised of tens of leaders in DeFi, cybersecurity, game theory, ecosystem development, cryptography, blockchain engineering, marketing, and technology commercialization.  

About Panther Protocol

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.

The post Panther raises $22M to total of $32M, demonstrates interest of over $500M appeared first on Invezz.

Publication date: 
11/25/2021 - 14:00
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