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Allbridge has integrated with the Tezos blockchain to provide cross-chain interoperability.
Allbridge, a cross-chain bridge platform, has announced that it has integrated with an open-source energy-efficient platform. Tezos BlockchainThe team revealed that the cross-chain bridge is a mutual cooperation between Allbridge and the MadFish.Solutions team.
According to a press release shared with Coinjournal, this latest cryptocurrency news means 16 blockchains will be integrated with Tezos. Thus bringing more liquidity to the ecosystem.
Once the cross-chain bridge launches, users will be able to bridge some tokens to Tezos, making them available on the QuipuSwap decentralized exchange (DEX). These tokens include: USDC on Polygon, BUSD on BNB Chain, ABR Tokens on 15 Blockchains
Allbridge added that it intends to expand to more tokens and stablecoins from BTC, ETH, SOL, NEAR, AVAX, USDC, USDT, and other chains on Tezos in the future.
Allbridge co-founder and CEO Andriy Velykyy commented on this latest development, stating:
Tezos is a proven blockchain with an extensive ecosystem of DeFi and NFT projects and a unique on-chain governance mechanism. Integrating with Tezos is a special collaboration with our partner team. Friends of MadFish.Solutions Together, we will provide the Tezos community with access to 16 different chains and a gateway to join Tezos via the QuipuSwap DEX.
The Tezos ecosystem has become one of the most active ecosystems in the crypto space. Builders and creators are leveraging easy-to-use developer tools to build powerful applications for the ecosystem of decentralized applications (dApps).
Tezos was one of the first blockchains to adopt a proof-of-stake consensus method. This network has evolved into an increasingly popular alternative to some of the leading POW-based options.
Additionally, Tezos has become a leading ecosystem for thriving NFT marketplaces, dApps, tools, and games that offer a variety of digital assets at highly attractive and affordable rates.
Tezos-based NFT last month is now available On the popular e-commerce platform Shopify.
Allbridge is a simple, modern and reliable way to transfer assets between different networks. It is a bridge between EVM and non-EVM compatible blockchains.
Tezos, on the other hand, is smart money, redefining what it means to store and exchange value in a digitally connected world.
Finally, QuipuSwap is an open-source protocol that provides an interface for seamless decentralized exchange of Tezos-based tokens and farming functionality.
