Manta Foundation launches $50m ecosystem fund

The Manta Foundation has launched its $50 million ecosystem fund, providing funding opportunities for projects looking to explore the Manta Network’s growing Web3 space.

Manta Network is a modular layer-2 network that supports zero-knowledge (ZK) applications.

The project aims to accelerate growth with a new $50 million ecosystem, which will offer funding to developer teams building within the Mantaverse.
Manta ecosystem fund applications open

In an announcement on Thursday, the Manta Foundation said applications for allocation from the EcoFund were now open to interested projects.

“The $50 million allocation will last for one year starting from June 15th. All applicants who successfully receive our grant or direct investment will fall under the EcoFund Program,” the Manta Foundation wrote.

According to the announcement, the EcoFund is an initiative that includes the Ecosystem Grant Program. The program targets early-stage projects, offering support to developers who want to bring innovative projects to Manta Network.

The Ecosystem Grant Program will offer grants to teams building DeFi, Gaming, NFT projects.

“We seek projects that not only demonstrate innovation but also bring value and contribute to the growth of the Manta Network, fostering a collaborative and mutually beneficial environment,” Manta Foundation added.