Manta Foundation announces investment in the chain abstract liquidity aggregation protocol Cycle Network.

ChainCatcher news, the Manta Foundation announced a strategic investment in the chain abstraction liquidity aggregation protocol Cycle Network, with the specific financing amount undisclosed. Other investors include Summer Ventures, Vertex Ventures, and others.

Cycle Network has applied for the Manta Foundation's $50 million ecosystem fund. This investment aims to promote Web3 development, particularly in enhancing liquidity, cross-chain connectivity, and efficiency among ecosystems.

It is reported that Cycle Network was selected for Binance Labs' seventh season incubation program in July this year.