Panther Protocol announced last Thursday, September 30, through its Twitter account, that it has received a grant from NEAR to explore the development of the privacy infrastructure at NEAR and its EVM, Aurora.
“Panther envisions a world where DeFi and web 3.0 users can enjoy a decentralized world without surveillance. Where privacy features are available in DApps and protocols by default. Where all EVM-compliant blockchains are connected via a privacy layer, but at the same time allow users to share data with their counterparts as they see fit, balancing privacy and trust. With that vision in mind, Panther is pleased to announce a partnership with NEAR that brings Panther closer to that goal”, he said through an article published on The Daily Hodl portal.
According to the company, NEAR and Panther agree that privacy is an essential human right. Panther has received a grant from NEAR to explore the development of the open source privacy infrastructure (libraries, APIs, and Rust tools) required for a native Panther implementation in NEAR. This includes the deployment of Panther’s privacy solutions at NEAR’s EVM, Aurora.
“Due to the current architecture and high volume of Ethereum transactions that pushed gas rates to all-time highs, NEAR’s Aurora is becoming a smart choice for developers seeking 1,000x lower gas rates, 50x TPS higher and a two-second finality, with a future-proof architecture of fragmentation and a new carbon-neutral value proposition”, he added.
In his view, Panther’s goal is to accelerate the development of web 3.0 and DeFi applications that prioritize privacy. By building its infrastructure natively on EVM-compliant peer chains and empowering developers with a robust set of APIs, SDKs, and deep integrations, Panther wants to allow value to flow privately through blockchains, wherever DeFi goes. and web 3.0.
“Panther recognizes that usability and smart design are key components of mainstream blockchain adoption. Our mission is to restore privacy, transaction sovereignty and data ownership for all DeFi and web 3.0 users, and it is [in] that spirit that we are pleased to partner with the NEAR foundation to establish protected groups and other components. from Panther’s privacy-preserving infrastructure on the NEAR blockchain, taking a further step towards an interoperable, private and compliance-compliant blockchain future”, Oliver Gale, co-founder and CEO of Panther, commented on the partnership.