ARPA Surges After Launching RNG Product “Randcast”; Manta Network Launches Privacy-Focused Soulbound Tokens

Daily Top Performer — ARPA Network (ARPA)

U.S. equities fell yesterday by 0.73%  due to an impasse in talks to lift the U.S. debt ceiling and a slide in the Euro Stoxx 50 due to inflation concerns after UK's April consumer prices increased more than expected. The broader cryptocurrency market dropped, with Bitcoin and Ether down by 2.84% and 2.69%, respectively, in the past 24 hours.

Today's outperformer is ARPA, which surged 40% in the past 24 hours due to announcing its own RNG product and belief that its mainnet launch is coming in June.

Launched in 2019, ARPA Network (ARPA) is a Layer-2 scaling solution designed to function as a privacy-preserving computation network. It enhances the transaction capacity of blockchain networks while upholding rigorous data privacy and security standards by using Secure Multi-Party Computation (SMPC) and secret-sharing technology to ensure both privacy and computational accuracy.

ARPA’s price growth can be attributed to the introduction of its first unique product, its own RNG product called Randcast, which will serve as a decentralized, verifiable, multi-chain supported RNG. ARPA’s mainnet is slated to launch in Q2 of 2023, which can be next month, increasing the hype for the token. As there are already many L1 and L2 solutions, it will be interesting to see how ARPA stands out from the competition and if it can find its own community. 

Check Out the Latest Prices, Charts, and Data of ARPAUSDT!

Talk of the Town

In order to introduce zero-knowledge soulbound tokens (zkSBT), Manta Network, a layer-1 blockchain on Polkadot, is working with Linea, a rollup-based scaling solution. These tokens, which are intended to increase privacy, can verify identities without divulging personal information. Users will be able to use the zkSBT solution to verify their identity rather than going through conventional know-your-customer checks, according to Manta's co-founder Victor Ji. Users will be able to verify their identities using zkSBTs in a decentralized, trustworthy, and private manner without running the risk of having information about their on-chain activities leaked. For users who have taken part in one of two Linea NFT campaigns, the tokens can be created through the NFT Private Offerings (NPO) platform of Manta Network. Check Out the Latest Prices, Charts, and Data of BITUSDT!