Thread by @MantaNetwork

🧑‍🏫 time: zkAssets

Why did @MantaNetwork create #zkAssets, and what are they?

zkAssets are natively (on-chain) private crypto assets, guarded by zero-knowledge proofs. They contain all properties of normal crypto assets, and add a layer of configurable privacy. Some properties:

🤸 Flexible Asset Types

zkAssets can be any asset type: fungible (eg tokens), non-fungible (eg #NFTs), and non-transferrable non-fungible (eg #soulbound)

🔒 Private by Default

The asset holder’s address, the nomination of the assets of each holder, and asset type are all natively encrypted on-chain, only to be seen if the holder chooses to show.

🥷 Disclosing at Will

Holders can reveal specific information bits to auditors without disclosing non-relevant, sensitive information. The auditor can verify it is from the correct holder using #ZKPs, without ever knowing the holder's true identity.

Compared with existing crypto assets (the only option they have are to be fully public), zkAssets bring privacy to asset holders, while making auditing and opt-in regulation compliance easy to achieve.

Right now, zkAssets only exist in the Manta network. You can bridge your polkadot-native assets to zkAssets at app.dolphin.manta.network