September 08, 2024
Nest Layer, a Web3 ecosystem service, has announced the completion of a new financing round, with investment from the Manta Foundation Fund. The exact valuation and amount raised remain undisclosed.
Project | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|
DropNest | September 08, 2024 | Grant | Manta Foundation | Web3 |
The newly acquired funds will be allocated to the development of their product suite, Dropnest. Nest Layer currently offers services such as investment, node management, NFTs, airdrop farming, staking, income generation, and DePIN. Dropnest aims to simplify airdrop farming with a one-click interface.
About DropNest
Dropnest is a platform designed to simplify the process of airdrop farming, which involves earning free cryptocurrency tokens by participating in promotional campaigns. With Dropnest, users can easily farm multiple airdrops with just one click. The platform allows users to deposit funds into a vault, select from a list of whitelisted projects, and then Dropnest handles the rest. It provides a personalized dashboard for users to monitor their airdrops and ensures the safety and security of user funds through a multi-signature wallet system and automated transaction validation. This makes it an accessible and efficient solution for both new and experienced crypto enthusiasts.
Website: https://www.dropnest.xyz/
About Investor
Investor: Manta Foundation
The Manta Foundation is an organization that has launched a $50 million EcoFund to stimulate the growth of the Manta Network ecosystem. This fund is designed to invest in native applications and technology partners, fostering innovation and development. The EcoFund will provide essential resources to promising native applications and technology partners building on the Manta Network. This will empower them to develop groundbreaking solutions that leverage Manta’s L2.
The Manta Foundation welcomes talented teams and promising projects to apply for funding through the EcoFund and Grants program. They aim to build a thriving Manta ecosystem that empowers users and unlocks the full potential of blockchain technology.
Location: Santa Cruz, California
Website: https://foundation.manta.network/
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