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Espresso Systems Secures $28 Million in Series B Funding Led by a16z Crypto
22.3.2024
Espresso Systems raises $28 million in Series B funding led by a16z crypto to enhance Ethereum Layer 2 scalability and rollup interoperability through its marketplace.
The post Espresso Systems Secures $28 Million in Series B Funding Led by a16z Crypto appeared first on Cryptonews
Goldman Sachs, CBOE, Standard Chartered, and Others Complete Blockchain Interoperability Pilot on Canton Network
14.3.2024
Goldman Sachs, the CBOE, Standard Chartered, and other financial institutions participated in the pilot of the Canton Network, a protocol aiming to achieve interoperability in apps using resources from various blockchains. Digital Asset, the company behind the pilot, stated that this test showed...
Crypto Is (and Isn’t) Money
11.3.2024
Navigating the Wormhole Airdrop: Defi’s Next Big Token Drop Explained
7.3.2024
Wormhole, a platform fostering blockchain interoperability within decentralized finance (defi), has unveiled plans for an airdrop of its proprietary token, W. The initiative is part of the protocol’s broader aim toward progressive decentralization, rewarding dedicated users and developers...
Native Token Transfers Are the Next Evolution of Interoperability
6.3.2024
Wrapped assets introduced a wave of DeFi innovation that cross-chain protocols are looking to take forward
Avail’s Testnet Surpasses 100 Million Transactions, Showcasing Mainnet Capability
5.3.2024
With the completion of over 100 million transactions on the Goldberg testnet, Avail prepares for a mainnet launch that could enhance layer-2 efficiency and interoperability.
The post Avail’s Testnet Surpasses 100 Million Transactions, Showcasing Mainnet Capability appeared first on Cryptonews
Wormhole debuts Native Token Transfers to redefine interoperability
1.3.2024
Wormhole introduced NTTs, that is, Native Token Transfers. The functionality aims to boost interoperability and cross-chain transfers, enabling developers to come up with more innovative cross-chain protocols. It is interesting that tokens do not lose their behavior after the transfer. Developers...
Ripple Partners with Axelar for RWA tokenization and cross-chain communication on XRPL
27.2.2024
Ripple has partnered with the Axelar Foundation to enhance interoperability on the XRP Ledger (XRPL) blockchain, focusing on advancing the tokenization of real-world assets (RWAs).
The post Ripple Partners with Axelar for RWA tokenization and cross-chain communication on XRPL appeared first...
Injective Partners with DojoSwap to Launch CW-404 Standard, Inspired by ERC-404
23.2.2024
On February 23, Injective Protocol announced a strategic partnership with DojoSwap to launch the CW-404 standard, a groundbreaking token standard inspired by ERC-404. This collaboration aims to foster innovation and interoperability within the decentralized finance (DeFi) ecosystem.
The post...
Wormhole and AMD Forge Alliance to Revolutionize Blockchain Interoperability
21.2.2024
On Wednesday, the blockchain interoperability platform Wormhole revealed it is collaborating with the American multinational semiconductor company AMD (Advanced Micro Devices). Wormhole plans to utilize AMD’s Field Programmable Gate Array (FPGA) technology in order to bolster cross-chain...
AMD Collaborates With Wormhole Ecosystem to Enhance Blockchain Interoperability with Hardware Accelerators
21.2.2024
The interoperability platform Wormhole announced a collaboration with Advanced Micro Devices (AMD) to integrate AMD's FPGA hardware accelerators into the Wormhole ecosystem to boost blockchain interoperability while ensuring a seamless user experience for the Web3 ecosystem.
The post...
Analog Raises $16M in Funding for Cross-Chain Project, Reaching $120M Valuation
13.2.2024
Analog has raised $16 million in the latest funding round to develop its cross-chain communication tools at a valuation of $120 million. According to a recent social media post by Analog, the funding round led by Tribe Capital has funneled $16 million to Analog. The company plans to utilize...
Analog Secures $16 Million for Web3 Interoperability Boost, Launches Cross-Chain Partnership Program
13.2.2024
On Monday, the Web3 blockchain interoperability platform Analog announced the team has raised $16 million in a funding round from a wide array of venture capitalists and firms including Balaji Srinivasan, Tribe Capital, and Wintermute. Furthermore, Analog has launched its Launch Partners Program...
Polygon Introduces ‘AggLayer,’ Aims to Simplify Blockchain Integration Across Platforms
25.1.2024
Polygon Labs plans to release “AggLayer,” a new blockchain aggregation layer, in February. This development aims to enhance interoperability across blockchain platforms. According to Polygon’s recent blog, AggLayer is designed as a centralized protocol that aggregates zero-knowledge (ZK) proofs...
Polymer Labs Secures $23 Million to Build Ethereum’s ‘Interoperability Hub’
25.1.2024
Polymer Labs, the inter-blockchain communication (IBC)-based networking layer two (L2), recently disclosed that it had raised $23 million via a Series A funding round. Polymer said only Ethereum and all chains under the IBC control will initially be compatible with its interoperability solution....
Ethereum Interoperability Hub Polymer Raises $23M Series A Funding From Marquee Investors
23.1.2024
The funding round was co-led by Blockchain Capital, Maven 11 and Distributed Global and included contributions from Coinbase Ventures, Placeholder and Digital Currency Group
Chainlink, Circle Partner to Enhance USDC Cross-Chain Transfers – Here’s How it Works
17.1.2024
Source: Circle Decentralized oracle platform Chainlink (LINK) announced the latest partnership with Circle to ease cross-chain USDC stablecoin transfers. Chainlink’s Cross-Chain Interoperability Protocol (CCIP) has integrated Circle’s Cross-Chain Transfer Protocol (CCTP), which enables...
Chainlink Teams Up With Circle to Allow Cross-Chain Stablecoin Transfers
16.1.2024
The integration allows developers to build cross-chain use cases via Chainlink's CCIP that involve multichain transfers of Circle's USDC stablecoin
Hedera and Algorand Ecosystems Unite to Form DeRec Alliance for Decentralized Asset Recovery System
11.1.2024
Source: iStock/PeopleImages Entities from the Hedera and Algorand ecosystems, including the HBAR Foundation, Algorand Foundation, Hashgraph Association, Swirlds Labs, DLT Science Foundation, and industry partners The Building Blocks and BankSocial, have come together to establish the Decentralized...
Building a Super App for Chain-Agnostic Execution – Omar Zaki, Founder of Composable and Picasso
9.1.2024
Composable and Picasso are the team leading the extension of IBC to all ecosystems in order to bring to life secure and chain-agnostic interoperability for users and builders. Picasso currently powers cross-ecosystem IBC across Polkadot, Kusama, Cosmos with 20+ connected chains and soon Ethereum...