News Summary

• Its ecosystem projects ReadOn, Dmail and AsMatch, which altogether have over 1.5 million users, have integrated zkSBT (zero-knowledge soulbound token) functionality for private user identity and other privacy features.To be sure, these user numbers are very modest compared to any known web2 application.
• As they cannot be transferred, soulbound tokens are becoming more popular as a way to manage unique digital assets such as identity verification and property ownership.In addition, the network’s native wallet, Manta Wallet, has amassed over 200,000 installs.
• Layer 2, in crypto lingo, comprises solutions designed to increase a blockchain’s transaction processing capability by moving some computational load off the main network.
• This is an area that offers immense growth potential.”Proceeds from P0x Labs’ new round will go toward scaling the testnet of Manta Pacific, Manta’s Layer 2 for ZK applications.
• ZKP is becoming an essential tool to build these properties into blockchain protocols.
• But VCs betting on blockchain technologies remain bullish.