Cryptocurrency exchange Bybit has announced a partnership with Manta Network, the zero-knowledge (ZK) application ecosystem builder. This partnership is an effort to accelerate the adoption of zero-knowledge technologies in the Web3 sphere. The two businesses are also kicking out a celebratory 100K MANTA Carnival to showcase cutting-edge ZK technology and give away exciting rewards.
A look at the Bybit-Manta collaboration in Web3
For the more than 800,000 people who use the Bybit Web3 Wallet, the integration of Manta enhances the experience. With this integration, Bybit Wallet users will have access to the benefits of Manta Network’s ZK technology and the wallet will offer enhanced functionality.
Manta Pacific, Manta Network’s flagship product, is an affordable and scalable Ethereum-based Layer 2 ecosystem that uses ZK-Rollups to reduce gas fees significantly and make deployment easier through Solidity. This opens the door to a faster, cheaper, and widely available web3 application development era.
The integration of Bybit’s Web3 ecosystem with Manta Network is a milestone occasion in its evolution, increasing its openness and connectivity. To celebrate the new partnership, Bybit is giving the community a chance to win 100,000 MANTA tokens through a 10-day MANTA Carnival.
For Ethereum Virtual Machine (EVM) native Zero-Knowledge (ZK) applications, there is Manta Pacific, a one-of-a-kind Layer-2 ecosystem that offers a gas-fee environment that is both reliable and cheap. The MANTA Carnival started on 22nd December at 10AM UTC on December 22, 2023 and will continue until 1 January 2024.
Users can earn twice as much from Manta Network and Bybit if they stake any amount throughout the event period using their Bybit Wallet. 50% of the rewards will be distributed via airdrops from Manta Network and the other 50% will be distributed by Bybit Web3, both to Bybit Wallets. To be eligible for incentives, users must keep $100 or more in their Spot account.