- Mantle Network has revealed its mainnet alpha at EthCC in Paris, following six months of rigorous development and testing, marking a significant milestone in Ethereum Layer 2 solutions.
- Alongside the mainnet alpha launch, Mantle Network introduced a $200 million ecosystem fund, further solidifying its commitment to advancing the Ethereum ecosystem.
At the Ethereum Community Conference (EthCC) in Paris, Mantle Network, an Ethereum Layer 2 solution, has taken the wraps off its mainnet alpha. This crucial launch trails six months of intense development and testing, a period that saw the network handle over 14 million on-chain transactions.
A Pioneering Modular Approach
Distinct from traditional monolithic blockchains that process all transactions through a single layer, Mantle Network embarks on a novel modular chain approach. This technique segregates execution, data availability, consensus, and settlement into unique layers, enhancing transactional efficiency.
Employing this modular structure, along with its Optimistic Rollup design and data availability via the ether restaking protocol EigenLayer, Mantle Network aims to offer accelerated transaction speeds and reduced costs. All the while, it remains firmly rooted in Ethereum’s security and decentralization.
Currently, Arbitrum and Optimism lead the Ethereum Layer 2 Optimistic Rollup domain, amassing more than $5.9 billion in combined value locked.
Mantle Network’s architectural design enables quick upgrades by simply interchanging modular components. This innovative feature could potentially accelerate the adoption of the latest Ethereum enhancements like account abstraction, which allows wallets to function akin to smart contracts, automating complex tasks.
Mantle strategic advisor Jordi Alexander expresses,
“As this nascent space heats up on the cusp of ‘L2 Summer’, Mantle Network’s adaptable and iterative design ensures it stays abreast of the latest technological advancements for years to come.”
This leap in scalability promises to foster more advanced blockchain gaming, DeFi, and social protocols, eliminating the burden of high transaction fees.
Supporting Future Innovations with Ecosystem Fund
Simultaneous to its mainnet alpha launch, Mantle announced its partnerships with entities like blockchain gaming accelerator Game7, web3 game launcher HyperPlay, and blockchain education initiative EduDAO. Infrastructure providers and dApps, including Ankr, Bullieverse, Covalent, LayerZero, and The Graph, also join the network.
To nurture the growth of early-stage dApps on the Ethereum Layer 2, the DAO-led ecosystem recently greenlit a $200 million ecosystem fund. In collaboration with venture partners such as Animoca Ventures, Dragonfly Capital, Figment Capital, Hashkey Capital, Pantera Capital, QCP Capital, and SevenX Ventures, the fund is managed by Mirana Ventures.
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