Axelar, Mysten Labs partner on cross-chain communication for super DApps
Integration will roll out before the end of 2022, enabling General Message Passing on Sui blockchain. The proof-of-stake (PoS) blockchain Axelar and the infrastructure company behind Sui blockchain, Mysten Labs, disclosed a partnership on Sept. 27 to deliver cross-chain communication for developers through General Message Passing, aiming to advance the prospect of a "super DApp." Integration is expected to be completed before the end of the year.The collaboration will enable DApps created in Move — Mysten's programming language — to call any function on any external chain. According to the....
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The partnership seeks to enable Ethereum ecosystem developers to have access to functions and users on Axelar’s dozens of connected chains. Cross-chain platform Axelar has announced a partnership with Polygon to deliver secure cross-chain communications to Polygon Supernets. The company said that Axelar’s partnership with Polygon will serve as infrastructure for an interoperable internet of dedicated Ethereum Virtual Machine (EVM) blockchains powered by Polygon Edge. Speaking with Cointelegraph, CEO and co-founder of Axelar Sergey Gorbunov shared that this partnership is important to the....
Axelar's co-founder shared his views on blockchain infrastructure and adoption at Converge22 in San Francisco. Cross-chain communication between blockchains is more than just moving data from point A to B, but how it can connect applications and users for enhanced experiences and fewer gas fees in Web3, outlined Sergey Gorbunov, Axelar Network co-founder and CEO, speaking to Cointelegraph's business editor Sam Bourgi on Sept. 28 at Converge22 in San Francisco. As the crypto industry has developed over the past few years, blockchain interoperability has seen a surge in demand, attracting....
Axelar is a decentralized protocol designed by the founding members of Algorand to make it easier for dapps to work across blockchains.
The platform's one-billion-dollar valuation affirms the burgeoning demand for decentralized cross-chain service providers in the blockchain industry. The Axelar Network has announced the completion of a $35 million Series B funding round, pushing its market value above $1 billion. Participants of the round include Dragonfly Capital, Polychain Capital and North Island Ventures, among others.The raise succeeds a previously undisclosed round led by the head of Crypto.com Capital, Bobby Bao in late-November 2021, a nine-investor $25 million Series A raise led by Polychain Capital, and....
Mysten Labs, developer of a new blockchain project called Sui, raised $300 million in its latest funding round. The round, which was led by FTX ventures, also had the support of A16z crypto, Jump Crypto, Apollo, Binance Labs, Franklin Templeton, and Coinbase Ventures, among others. The funds will be directed to continue growing Sui’s infrastructure and core, hiring in the Asia Pacific area for this task.
Mysten Labs Reaches $2 Billion Valuation in Series B Funding Round
Mysten Labs, a company founded by Meta’s former employees that worked on the Novi project, has....