TechFlow reported on September 4 that, according to official news, the Manta Foundation has announced a strategic investment in Cycle Network. Cycle Network is one of the successful applicants of the Manta Foundation's first $50 million ecosystem fund. This investment aims to advance Web3 development, particularly in enhancing liquidity, cross-chain connectivity, and efficiency across ecosystems.
Cycle Network introduces chain abstraction technology, enabling users to seamlessly interact across all blockchain layers and networks. Through integration with Manta Pacific, users can now mint Manta assets from any network without using bridges, significantly improving liquidity across the entire ecosystem.
Previous report, the Manta Foundation announced the opening of applications for its $50 million ecosystem fund, aiming to cultivate a thriving ecosystem of blockchain projects.
