Celer Network, a multichain operating system, has just announced a new partnership with the Flow blockchain. The partnership will now allow for both digital assets and NFT bridging to all 20+ chains connected to Celer cBridge, creating seamless multi-chain interoperability.
In the first phase, Celer cBridge will support bridging for projects issuing tokens on Flow, which will boost Flow’s DeFi ecosystem by providing access to a broader audience across chains. Additionally, many blue-chip crypto assets will be supported by Celer, these include WETH, WBTC and USDT, allowing them to infuse the Flow blockchain.
Dapper Labs are one of the biggest companies on Flow. They are the founders of NBA Topshot, CryptoKitties and NFL All Day. Their Head of Financial Products, Matthieu Jobbé-Duval, is excited about the partnership. “As the token ecosystem on Flow rapidly expands, Celer cBridge’s deployment will allow dApps to bridge their token on multiple chains at once, letting them maximize their reach.”
Going past the first phase, Celer will support NFT bridging to expand Flow-issued NFTs like the aforementioned NBA Topshot. As well as allowing users to bring other NFTs from outside of the Flow ecosystem.
Furthermore, Celer will be working with RCRDSHP, a digital collectibles platform for the music industry. Also, Cheese inc., a photography-focused NFT company that uses NFT photo galleries to bring iconic collections for collections. These two projects will be the first to test bridging their protocols between Flow, and the 20+ other blockchains.
Celer is a multi-chain operating system that allows various application logic, liquidity and states. Normally these are segregated across different chains, to communicate with one another and enable seamless inter-chain composability for dApp developers and projects. Through its asset bridge, cBridge, it also enables fast, easy, and secure off-chain transactions. Not only for payment transactions but also for generalized off-chain smart contracts.
For more information about Celer, and what they’re doing, you can visit their website.
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