Axelar and Polygon Supernets Team Up to Provide Cross-Chain Interoperability
This will allow developers to build their applications across multiple blockchains
The Axelar/Polygon partnership “enables complex operations – for example, cross-chain borrow-lend, using NFTs as collateral,” said Parth Pathak, general manager of supernets at Polygon, in a statement to CoinDesk, referring to non-fungible tokens.
The goal for interoperability projects like Axelar is to “allow developers to build anywhere they want and still be connected to everyone else,” Axelar co-founder Sergey Gorbunov told CoinDesk. “So that's really the opportunity that we’re creating for the supernets and just the broader ecosystem.”
Axelar, which was created by the founding members behind the Algorand blockchain, is a network that gives users tools to connect their digital assets and dapps across multiple blockchains to unlock cross-chain communication. The company’s partnership with Polygon’s supernets will thus offer interoperability with other blockchains.
Polygon’s supernets are fairly new, with Polygon saying it would invest $100 million in them back in April. Avalanche also committed $290 million in March to develop its own version called “subnets.”
This is a reposting from a previous chart that i accidently used with FTX.
I probably confused many people if they were looking at my posting.
I traded WAXL on gate.io but its also available on coinbase so i will
do a double post for both.
Looking good so far and i am still holding 10,000 tokens.
This project has potential.
The white lines on this chart are probable pivot locations for the future timeline.
WAXL could consolidate for some time before finally breaking out so be prepared for that.
So far i have a bullish holding position for WAXL only to hold .50 minimum for oversold and .60 for a buy price.
good luck traders and i will update soon.
This will allow developers to build their applications across multiple blockchains
The Axelar/Polygon partnership “enables complex operations – for example, cross-chain borrow-lend, using NFTs as collateral,” said Parth Pathak, general manager of supernets at Polygon, in a statement to CoinDesk, referring to non-fungible tokens.
The goal for interoperability projects like Axelar is to “allow developers to build anywhere they want and still be connected to everyone else,” Axelar co-founder Sergey Gorbunov told CoinDesk. “So that's really the opportunity that we’re creating for the supernets and just the broader ecosystem.”
Axelar, which was created by the founding members behind the Algorand blockchain, is a network that gives users tools to connect their digital assets and dapps across multiple blockchains to unlock cross-chain communication. The company’s partnership with Polygon’s supernets will thus offer interoperability with other blockchains.
Polygon’s supernets are fairly new, with Polygon saying it would invest $100 million in them back in April. Avalanche also committed $290 million in March to develop its own version called “subnets.”
This is a reposting from a previous chart that i accidently used with FTX.
I probably confused many people if they were looking at my posting.
I traded WAXL on gate.io but its also available on coinbase so i will
do a double post for both.
Looking good so far and i am still holding 10,000 tokens.
This project has potential.
The white lines on this chart are probable pivot locations for the future timeline.
WAXL could consolidate for some time before finally breaking out so be prepared for that.
So far i have a bullish holding position for WAXL only to hold .50 minimum for oversold and .60 for a buy price.
good luck traders and i will update soon.