SWIFT To Trial Run Chainlink’s Cross-Chain Interoperability Protocol
Chainlink bulls have long touted their excitement for potential developments with SWIFT, as the two have served as long-standing (but mostly veiled) partners. SWIFT serves as one of global banking’s biggest players, and in an announcement this week, the global financial firm shared a new proof-of-concept project that will utilize a Chainlink protocol to trial […]
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The project will connect SWIFT's network to nearly every blockchain to allow traditional finance players access to digital and traditional assets on the one network. Interbank messaging system SWIFT has partnered with price oracle provider Chainlink (LINK) to work on a proof-of-concept (POC) project which would allow traditional finance firms the ability to transact across blockchain networks.Chainlink co-founder Sergey Nazarov announced the project at its SmartCon 2022 Conference in New York on Sept. 28 alongside SWIFT strategy director Jonathan Ehrenfeld Solé.SWIFT is using the....
Ren is teaming up with Alameda to boost cross-chain decentralization. Cross-chain bridge service Ren has announced that its development team will be joining Alameda according to a blog post by CEO Taiyang Zhang.As part of the announcement, Zhang revealed that the focus of the move is on enabling Solana (SOL) support on RenVM — the project’s cross-chain liquidity protocol launched back in May 2020.According to the Zhang, development work on the integration is currently being audited with full deployment expected to begin by the summer. Commenting on the upcoming Solana integration, the Ren....
Layerzero Labs, the firm behind the interoperability protocol Layerzero, has revealed the company has raised $135 million in a Series A+ finance round led by Andreessen Horowitz (a16z), FTX Ventures, and Sequoia Capital. The new financing brings Layerzero Labs’ overall valuation to $1 billion and the funds will be leveraged to develop cross-chain decentralized applications (dapps) powered by Layerzero. Layerzero Raises $135 Million From Andreessen Horowitz, FTX Ventures, Sequoia Capital On March 30, 2022, the company Layerzero Labs announced it had secured $135 million in a Series....
PRESS RELEASE. IOST has announced it is now at the final development stage for building a cross-chain transfer bridge to the Polkadot Ecosystem. The move is part of IOST’s plans to promote its cross-chain interoperability, bringing tremendous value for IOST users & developers and drive bigger adoption scenarios for its blockchain, according to a blog post on 5 March 2021. IOST Joins Forces with Polkadot In a bid to make its decentralized solutions available across multiple blockchains, promote trust and data sovereignty for users, IOST, the Proof-of-Believability smart contract....
The protocol promises to eliminate complexities seen with existing interoperability solutions and requires no bridges or oracles to integrate. Layer-1 blockchain platform Wire Network announced the launch of its blockchain interoperability protocol called Universal Polymorphic Address Protocol (UPAP).In the Web3 ecosystem, which is comparatively nascent to the larger crypto market, the primary interaction occurs over digital goods and NFTs. However, the growing number of Web3 platforms lack interoperability which could be a huge roadblock to a seamless Web3 experience. Wire Network aims to....