Panther Protocol Raises $22 million via a Public Sale to Build an Interoperable Privacy Layer for Web3 and DeFi

Summary:
• Panther protocol is an end-to-end privacy solution that builds privacy for Web3 and DeFi users across public blockchains, and they raised over $22 million in its public sale.

Panther protocol is an end-to-end privacy solution that builds privacy for Web3 and DeFi users across public blockchains, and they raised over $22 million in its public sale.

Panther Protocol CEO and Co-founder Oliver Gale said, “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.”

The company’s public sale offers the wider community an opportunity to participate and engage with an end-to-end privacy protocol for Web3 and DeFi users.

Panther has attracted over $500 million worth of offers, demonstrating the unprecedented growth in the DeFi space. All DeFi users can benefit from Panther’s protocol, whose focus is protecting financial data and the confidentiality of cryptocurrency transactions. 

The Panther protocol is currently built on multiple platforms, including Polygon, Ethereum, Songbird, Flare, Elrond and NEAR. The protocol has also developed a robust collection of SDKs, APIs, and other custom integrations. Panther intends to allow builders to offer privacy features within their apps without requiring a team with specialised skills such as privacy tech engineers and cryptographers.  

Panther’s mission is to create a decentralised ecosystem that is private-by-default to unlock the value currently locked within different blockchains. 

Anish Mohammed, Panther Protocols Co-founder, commented: “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 its founding, Panther has been steadily growing its team, with over 33 experts who are leaders in cryptography, cybersecurity, game theory, blockchain engineering, ecosystem development, DeFi, marketing, and technology commercialization. The company is keen to keep growing its team in the coming months.