Panther Protocol’s Public Sale has ended, raising almost $22 million in just 90 minutes.
The strong support from investors and fans underscores the importance of privacy and interoperability in decentralized banking and the wider Web3 ecosystem.
Panther protocol’s features
In the decentralized financial and Web3 contexts, new infrastructure is required to provide compatibility.
Panther Protocol will offer APIs and SDKs to assist developers in achieving privacy by default, assuming that a privacy-oriented method may be implemented without a deep understanding of cryptography or privacy technologies.
Panther Protocol’s Public Sale confirms enthusiasm for DeFi privacy solutions. On a blockchain, financial data is publicly viewable, making it a commercial commodity that might be misused.
Panther Protocol hopes to change that narrative through its end-to-end privacy solution. With more than $22 million raised in less than 90 minutes, it’s clear that many individuals believe this strategy has worth.
“The demand for an interoperable, compliance-compliant privacy protocol is high, as seen by our increase as part of our public offering,” Oliver Gale, co-founder, and chief executive officer of Panther Protocol, said.
“We are grateful for the tremendous interest in our project, and we are certain that this demonstrates the significance of Panther’s objective – to improve DeFi and Web3 freedom and privacy,” he added.
As the DeFi business continues to expand at a breakneck pace, the time has come to supply the infrastructure that will propel this sector forward.
Importance of privacy
The use of privacy-by-default on public blockchains is a crucial part of this process. Panther’s approach also achieves compatibility across Ethereum, Elrond, Songbird, Flare, Polygon, and NEAR, enriching the Web3 in unprecedented ways.
“As with duality of light, privacy has a dual essence,” says Panther Protocol co-founder Anish Mohammed.
By integrating zero-knowledge proof methods with selective disclosures, Panther Protocol has achieved both privacy and authenticity.
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