Panther Protocol, which provides DeFi users with fully collateralized privacy-enhancing digital assets, leveraging crypto-economic incentives and zkSNARK tech, has just secured more than $22M as part of their Public Sale, bringing the total amount raised by the company to $32 million.
Oliver Gale, CEO and co-founder of Panther Protocol, said:
"This raise as part of our public sale demonstrates a huge demand for an interoperable, compliance compatible privacy protocol. 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."
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.
The public sale conducted by the startup has allowed the members of the community to take part in an end-to-end privacy protocol for DeFi and Web3 users. It is worth mentioning that the decentralized finance (DeFi) industry has experienced an outstanding growth recently with Panther demonstrating more than $500 million worth of interest.
Panther, which is is currently building on Ethereum, Polygon, Flare, Songbird, NEAR and Elrond, is of great importance to almost all users of the DeFi industry looking to benefit from personal financial data protection and confidential cryptocurrency transactions.
Panther Protocol co-founder Anish Mohammed has said:
"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 was founded, it has increased its team of experts, which currently consists of over 33 leaders in cybersecurity, cryptography, blockchain engineering, game theory, DeFi, ecosystem development, technology commercialization and marketing.