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, according to the information shared with Finbold.
Through the Public Sale, the company is offering the opportunity for wider community engagement and participation in an end-to-end privacy protocol for DeFi and Web3 users.
“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.”
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 company’s 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 expressed,
“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.
Disclaimer: Finbold does not endorse Panther Protocol, do your own due diligence before investing. The crypto space is highly speculative, and there is always a substantial risk of incurring a financial loss.