What is Manta? This Layer 2 project goes beyond Blast. Holding ETH or USDC can get blind boxes?

The Ethereum Layer 2 project Manta New Paradigm, which has attracted much market attention recently, adopts Celestia’s modular solution. The project allows users to stake funds to receive future token airdrop rewards through a Blast liquidity staking event similar to Blur. Due to the news that airdrops will be available in January, Manta has attracted more than 650 million funds and nearly 80,000 users in just 2 weeks since its launch.

Attracted more than 650 million funds in two weeks after going online

Strongly fight Blast of the same nature

In short, the New Paradigm activity allows users to You can obtain Stone or wUSDM by staking ETH or USDC, and receive blind box fragments as rewards. These fragments can be used to exchange for blind boxes, and the NFTs in the blind boxes can be used to exchange for future token airdrops. In addition, the event also has an initial reward mechanism. According to the user's rating criteria, high-quality users can obtain different amounts of blind box fragments. After users receive the airdrop, they can redeem their assets through Stone or wUSDM.

Obtain NFT blind box through fragments

The Blur team, the largest NFT trading platform, launched Blast on November 21st, which is a flagship product with "native Profitability" project. The latest news shows that Blast’s total locked value (TVL) has exceeded US$1.1 billion, and the number of users has reached 85,836. Different from Blast, New Paradigm activities provide more rich ecological projects and have a faster payback cycle. The specific details of the Blast airdrop have not yet been revealed, but it is said to be released in May. At the same time, Manta’s tokens will also be distributed this month.

Comparison chart with Blast

Valuation of US$500 million

In fact, in the past four months, the Manta network completed It has made two major changes, first from Polkadot to Ethereum Layer 2, and then migrating its Layer 2 network Manta Pacific from OP Stack to Polygon CDK’s zkEVM architecture. This change makes the current Manta ecosystem now composed of ZK Layer 1 Manta Atlantic and Layer 2 Together with Manta Pacific.

One week after publicly stating its plan to launch Manta New Paradigm, Manta Network developer p0xlabs announced the completion of US$25 million in financing at a valuation of US$500 million. This round of financing was led by Polychain Capital and Qiming Venture Partners. Currently, p0xlabs The list of investors also includes CoinFund and SevenX Ventures.

In the future, New Paradigm will release 6.5% of the tokens as airdrops. Within this month, we will continue to observe whether it can continue to attract the participation of users and funds, surpassing Blast.

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