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Manta Network Partners with Linea to Offer Zero-Knowledge Soulbound Tokens

Manta Network Partners with Linea to Offer Zero-Knowledge Soulbound Tokens

The collaboration was driven by the goal to address one of the central issues troubling the crypto universe today - privacy.

Manta Network, a Layer-1 blockchain powered by Polkadot, has partnered with a rollup-oriented scaling solution provider Linea to introduce zero-knowledge soulbound tokens (zkSBT)

In a space where transparency is an inherent characteristic of open blockchains, Manta Network intends to balance this equation by offering privacy-enhanced solutions.

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The company's co-founder, Victor Ji, commented on the matter by stating:

The problem we are trying to tackle here is so that verification is only limited to certain on-chain activities, rather than share all data to an app.

Emphasizing the user-friendly nature of this solution, Ji revealed that users won't be obligated to undergo rigorous know-your-customer (KYC) screenings. Instead, Manta’s zkSBT mechanism will be used to authenticate their identity. 

Starting March 23rd, users could mint these cutting-edge zkSBTs via Manta Network’s NFT Private Offerings (NPO) platform, provided they have participated in one of the two Linea NFT campaigns.

In a joint statement, the collaborating firms underlined that zkSBTs will “offer users a decentralized, trustless, and private way to verify their real identities without compromising any information or data leakage about their on-chain activity.”

Expounding on the vision behind this solution, Ji commented:

We think mobile users have the largest <daily active users>, but have the worst experience in crypto now, and we can enable them without a need to connect wallets to verify their on-chain and off-chain credentials.

First introduced by Ethereum co-founder Vitalik Buterin, Soulbound Tokens function similarly to NFTs, with the fundamental difference being that they are untradeable and bound to the identity of a person or entity. These tokens can be utilized for various applications, including medical records or certificates.

Manta Network's innovative partnership with Linea and the subsequent introduction of zkSBT tokens marks a significant milestone in enhancing privacy in the crypto space. This forward-thinking solution will reshape how users interact with blockchain technology, promoting a balance between transparency and privacy.

Gile K. , Market Sentiment Analyst
Gile is a Market Sentiment Analyst who understands what public events may form what emotions. Her experience researching Web3 news and public market messages – including cryptocurrency news reports, PRs, and social network streams – is critical to her role in helping lead the Crypto News Editorial Team.
As an intelligent professional in public relations, together with the team, she aims to determine real VS fake news patterns, and bring her findings to anyone searching for unbiased news and events happening in the FinTech markets. Her expertise is uncovering the latest trustworthy & informative Web3 announcements to the masses.
When she's not researching the trustworthiness of mainstream stories, she spends time enjoying her terrace view and taking meticulous care of her outdoor environment.

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