Panther Protocol Raises $22 million in Public Sale to Build Interoperable Privacy Layer for DeFi and Web3

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.

Panther Protocol, an end-to-end privacy solution that creates privacy for DeFi and Web3 users across public blockchains, has raised over 22 million as part of their Public Sale. This brings the total amount raised to $32 million.

The DeFi space has seen unprecedented growth with Panther demonstrating over $500M worth of interest.

Oliver Gale, Panther Protocol CEO and co-founder, 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.”

Through the public sale, the company is offering the opportunity for a wider community engagement and participation in an end-to-end privacy protocol for DeFi and Web3 users.

Panther is of great importance to virtually all DeFi users looking to benefit from personal financial data protection and confidential cryptocurrency transactions. Panther is currently building on Ethereum, Polygon, Flare, Songbird, NEAR and Elrond. 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. The idea is to create a private-by-default, decentralized ecosystem that unlocks the value that is currently siloed between blockchains.

Panther Protocol co-founder 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.”

Since the company’s founding they have been steadily growing their team of experts, now consisting of over 33 leaders in cybersecurity, cryptography, blockchain engineering, game theory, DeFi, ecosystem development, technology commercialization and marketing with their team set to grow in the coming months.

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. 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. More information on tokenomics, exchange volumes and release schedule can be found here.

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Source: cryptobriefing.com