Panther Protocol Raises $22 million in Public Sale to Build Interoperable Privacy Layer for DeFi and Web3

Through the Public Sale, the company is offering the opportunity for widerer community engagement and participation.

Panther Protocol, an end-to-end privacy solution that creates privacy for DeFi and Web3 users across public blockchains, has raised over 22 million as part of their Public Sale. This brings the total amount raised to $32 million.

“This raise as part of our public sale demonstrates a huge demand for an interoperable, compliance compatible privacy protocol.” says Panther Protocol CEO and co-founder Oliver Gale. “We are grateful for this overwhelming interest in our project and are confident that this signals the importance of Panther's mission - enhancing freedom and privacy for DeFi and Web3.”

Through the Public Sale, the company is offering the opportunity for widerer community engagement and participation in an end-to-end privacy protocol for DeFi and Web3 users.

Sponsored

The DeFi space has seen unprecedented growth with Panther demonstrating over $500M worth of interest. Panther is of great importance to virtually all DeFi users looking to benefit from personal financial data protection and confidential cryptocurrency transactions. Panther is currently building on Ethereum, Polygon, Flare, Songbird, NEAR and Elrond. In addition to developing a robust set of APIs, SDKs and custom integrations, Panther will allow builders to provide privacy features within their apps without needing a highly specialized team of cryptographers and privacy tech engineers to do so. The idea is to create a private-by-default, decentralized ecosystem that unlocks the value that is currently siloed between blockchains.

Panther Protocol co-founder Anish Mohammed comments,

“As with duality of light, privacy has a dual nature, we are in the history of privacy where we are just reconciling, privacy’s dual nature. Panther protocol has managed to allow both privacy and authenticity, by combining zero knowledge proof systems and selective disclosures.”

Since the company’s founding they have been steadily growing their team of experts, now consisting of over 33 leaders in cybersecurity, cryptography, blockchain engineering, game theory, DeFi, ecosystem development, technology commercialization and marketing with their team set to grow in the coming months.

This article contains a press release from an external source. The opinions and information presented may differ from those of DailyCoin. Readers are encouraged to independently verify the details and consult with experts before acting on any information provided. Please note that our Terms and Conditions, Privacy Policy, and Risk Warning have been recently updated.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Chainwire

Chainwire is a crypto news wire which shares the hottest industry news with DailyCoin. The content from Chainwire is not written by DailyCoin.