P0x Labs

P0x Labs is the developer behind the Mantra Network, a modular ecosystem for zero knowledge (zk) applications. The network consists of Manta Atlantic and Manta Pacific.

Manta Atlantic is a layer-1 blockchain powered by zk technology and a parachain that connects to the Polkadot network. It offers programmable privacy to Web3 applications and Manta Pacific and uses proof keys, which allow users to access and prove their identities in a private and trustless manner even without connecting a wallet address.

Manta Pacific is an EVM-native layer-2 (L2) scaling platform for zero-knowledge (zk) applications. It supports different use cases including DeFi, infrastructure, bridging, social, and gaming. The L2 also utilizes Celestia’s data availability layer for security and low gas fees, as well as the modified OP Stack through Caldera for scalability.

Funding and financials

In July 2023, P0x raised USD 25 million in a Series A funding round at a valuation of USD 500 million. The round was co-led by Polychain Capital and Qiming Venture Partners. The company aimed to use the fresh funds to help scale the network, user base, and use cases for Manta Pacific and fuel its expansion in key Asian markets.