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EthStorage Collaboration with Manta Network and Celestia
EthStorage has recently announced its collaboration with Manta Network in partnership with Celestia, aimed at enhancing the infrastructure and security of Manta Network by leveraging their respective strengths. This collaboration is intended to provide Manta Network with a faster infrastructure at a more affordable cost, a feature commonly associated with Layer-2 solutions. Additionally, the partnership is expected to enhance the security of Manta Network through decentralized L2 state derivation.
Celestia and EthStorage each bring unique advantages to the table. Celestia has pledged its support for its modular DA, while EthStorage will contribute its expertise in permanent data storage solutions. Central to the development is DAS (Data Availability Sampling), which EthStorage will utilize to offer on-chain verification using SNARK proof.
Community and Market Response
The announcement of the collaboration between EthStorage and Manta Network has garnered excitement from members of both communities. However, this sentiment has yet to be reflected in the market, as MANTA token has experienced a 4.477% decrease in value in the last 24 hours, trading at $2.71 at the time of this writing. Furthermore, the token has seen a 3.99% and 24.85% decline in value over the past 7 days and 30 days, respectively.
This development follows closely on the heels of Manta Network’s partnership with Interport Finance, where they launched a campaign offering participants the opportunity to earn an exclusive NFT upon completion of specific tasks. The campaign is scheduled to run until April 30, 2024, with winners standing a chance to receive a unique Manta Pacific NFT.
Upcoming Events and Initiatives
Notably, EthStorage’s expansion coincides with its participation in “The Verified Dubai 2024,” an event set to take place on April 17, 2024. Hosted by Ox499 and co-hosted by NEAR, Paramita VC, and Binance, the event presents an opportunity for EthStorage to showcase its latest developments and initiatives.
Moving forward, Manta Network is gearing up to host the ZK Olympic Campaign, in collaboration with Cysic and Lumoz. Scheduled to run from April 09, 2024, to April 30, 2024, the campaign offers a prize pool of $2,000, with participants required to complete tasks on Galxe to claim their share of the rewards.
As stakeholders eagerly anticipate the outcomes of this collaboration, the combined efforts of EthStorage, Celestia, and Manta Network are poised to drive innovation and progress in the blockchain ecosystem in the days ahead.
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