Panther Protocol is proud to announce it raised over $22 million through a Public Sale.
The funds will be used to help the team achieve its end-to-end privacy solution introducing privacy to decentralized finance.
Panther Protocol continues to turn heads in the cryptocurrency and blockchain world. The team has raised $32 million for this privacy-oriented DeFi and Web3 solution supporting all public blockchains.
In addition, the recent Public Sale brought in over $22 million, confirming overwhelming demand and support for privacy-oriented solutions in the decentralized finance segment.
Panther Protocol CEO and co-founder Oliver Gale comments:
“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.”
DeFi continues to rule the Crypto
DeFi has seen unprecedented growth over the past 18 months and has introduced many revenue-generating opportunities.
However, there needs to be a form of personal financial data protection to make these concepts more appealing to a broader audience. Adding confidential transactions to the mix will enhance the privacy aspect even further.
Panther Protocol provides this crucial infrastructure and builds the necessary tools on Ethereum, Polygon, Flare, Songbird, NEAR, and Elrond.
Through Panther, developers and users can access various robust APIs, SDKs, and custom integration tools.
As a result, any builder can provide a privacy-oriented layer in their application without requiring advanced knowledge and expertise to achieve that goal.
Panther’s vision evolves around offering privacy-by-default without compromising decentralization or security.
Moreover, the team’s approach connects blockchains, unlocking more value and accessing a broader user base.
Panther has come a long way since its inception. Their team of experts has grown to 33 members with expertise in cryptography, cybersecurity, game theory, DeFi, marketing, technology commercialization, blockchain engineering, and ecosystem development.
The funds raised through the Public Sale will allow for further team expansion over the coming months.
Panther Protocol co-founder Anish Mohammed adds:
“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.”