bitcoin

Ardana and Near Protocol link up to build Cardano (ADA) bridge infrastructure

Ardana, a stablecoin hub built on Cardano’s blockchain, has entered into a partnership with decentralized application (dApp) platform Near protocol.

As part of the partnership, Ardana will create a bridge infrastructure between Cardano and Near to support the transfer of assets between both ecosystems.

Cardano users will be able to move tokens from Cardano’s network to Near and vice versa, thanks to the bridge infrastructure.

Furthermore, Near will be used as collateral to mint stablecoins on Ardana.

“Ardana is on a mission to provide the crypto community with seamless integration between different projects and ecosystems. With that in mind, we are thrilled to announce a partnership with NEAR that will bring Ardana closer to this goal.” Ardana’s founder and CEO said.

RELATED: Cardano hears voices of the game over as its native token price drops by 40%

Cardano

He added: “The collaboration will help both organizations explore new avenues of growth in the emerging ecosystem of blockchain technology and will prove to be a landmark in the future for blockchain scalability.”

CEO of NEAR Foundation, Erik Trautman, said the platform has “always envisioned” a world where assets can be transferred seamlessly between different ecosystems.

“NEAR’s vision always envisioned a multi-chain world, whereby each blockchain could seamlessly talk and exchange data between one another. Ardana to aid in the creation of a multi-chain world, and integrations like this help realize that goal.”

The past few days have been bullish for Cardano; news broke out recently that the network had crossed the 2 million wallet mark. 

NEXT: Institutional Investors continues to buy the dip despite market correction – Report

About Godwin

Godwin is a multi-faceted writer. He covers the latest and most significant news in the crypto industry for Newsbsc. Aside from his work here, he writes exceptional SEO optimized web contents for other websites in different sectors.

Check Also

bitcoin

Walmart Looking to explore Metaverse and NFTs

Walmart is laying the building blocks of its metaverse universe with a series of patent …

Leave a Reply

Your email address will not be published. Required fields are marked *