Zk layer 1 blockchain Manta Network announced on March 20 that it has added support for assets including Non-Fungible Tokens (NFTs) and Soul Bound Token (SBTs) to its protocol. The MantaPay protocol, which initially supported only fungible crypto assets, promises to now allow for privacy-preservation support for NFTs and SBTs through the use of Manta Network’s ZK technology. ZK technology is a privacy-focused technology that uses Zero-Knowledge proofs (ZK proofs) to enable fully private transactions on decentralized finance (DeFi) platforms.
Today, we are announcing an expansion of @MantaNetwork‘s ZK capabilities by enabling privacy support for NFTs and SBTs through zkSBTs and zkNFTs. These assets can be minted through the upcoming NFT Private Offerings (NPO) platform.
Read more: https://t.co/j29wmHqOzA pic.twitter.com/QiyblBWusW
— Manta Network (@MantaNetwork) March 20, 2023
The company said that its NFT Private Offering (NPO) platform is a launchpad for NFTs and SBTs that seeks to enable users to privately launch zkNFTs/zkSBTs without requiring technical or cryptographic expertise. Through the use of zero-knowledge proofs (ZKPs), users are meant to securely and privately mint NFTs and SBTs while protecting the privacy of their crypto assets….
