Wednesday, February 28, 2024

Allbridge Integrates With Tezos.

A cross-chain bridge platform Allbridge has integrated with the energy-efficient Tezos blockchain. 16 blockchains will be integrated with Tezos to bring more liquidity to its ecosystem.

The tokens that will be bridged to Tezos are USDC from Polygon, BUSD from BNB Chain, and ABR tokens from 15 blockchains; they will be available on QuipuSwap DEX. Allbridge, in the near future, will expand access to Bitcoin, Ether, Solana, NEAR, AVAX, USDC, and USDT among others.

Andriy Velykyy, the co-founder and CEO of Allbridge, said Tezos is a blockchain with a proven track record with an expansive ecosystem of DeFi and NFT projects, and a unique on-chain governance mechanism. He described the integration with Tezos as a special collaboration. Allbridge with MadFish.Solutions empower the Tezos community with access to 16 different chains and provide a gateway for them to join Tezos through QuipuSwap DEX.

It should be noted that the Tezos ecosystem is a thriving community of builders and creators, leveraging easy-to-use developer tools to build powerful applications for the ecosystem of Dapp. Tezos, as one of the first blockchains to adopt the proof-of-stake consensus method, has evolved into an increasingly popular alternative for some major POW-based options. The blockchain has nurtured an ecosystem of thriving NFT marketplaces, dApps, tools, and games that offer a wide variety of digital assets with very attractive and affordable prices.

As for Allbridge, it’s a simple, modern and reliable way to transfer assets between different networks; a bridge between both EVM and non-EVM compatible blockchains.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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