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Interoperable – Cryptocurrencypanther https://cryptocurrencypanther.com Latest Crypto News Tue, 07 Feb 2023 11:33:45 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://cryptocurrencypanther.com/wp-content/uploads/2021/07/cropped-Cryptocurrency-e1626714913653-32x32.png Interoperable – Cryptocurrencypanther https://cryptocurrencypanther.com 32 32 Public proof-of-concept testnet for new interoperable sidechain … – Crypto Reporter https://cryptocurrencypanther.com/2023/02/07/public-proof-of-concept-testnet-for-new-interoperable-sidechain-crypto-reporter/ https://cryptocurrencypanther.com/2023/02/07/public-proof-of-concept-testnet-for-new-interoperable-sidechain-crypto-reporter/#respond Tue, 07 Feb 2023 11:33:45 +0000 https://cryptocurrencypanther.com/2023/02/07/public-proof-of-concept-testnet-for-new-interoperable-sidechain-crypto-reporter/

Public proof-of-concept testnet for new interoperable sidechain …  Crypto Reporter



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]]> https://cryptocurrencypanther.com/2023/02/07/public-proof-of-concept-testnet-for-new-interoperable-sidechain-crypto-reporter/feed/ 0 L2 solution makes Cardano, Algorand network interoperable https://cryptocurrencypanther.com/2022/10/20/l2-solution-makes-cardano-algorand-network-interoperable/ https://cryptocurrencypanther.com/2022/10/20/l2-solution-makes-cardano-algorand-network-interoperable/#respond Thu, 20 Oct 2022 16:28:22 +0000 https://cryptocurrencypanther.com/2022/10/20/l2-solution-makes-cardano-algorand-network-interoperable/

Xeggex

Cardano (ADA) founder Charles Hoskinson announced that Algorand (ALGO) is now on the Cardano network in reaction to the news that Mikomedia A1 Rollup is live on Algorand.

What is Milkomedia?

Mikomedia is a blockchain interoperability provider which focuses on giving EVM capabilities to smart networks like Cardano, which are originally non-EVM. On the Layer-2 A1 rollup, wrapped ALGO — dubbed milkALGO — will be the native currency for all transactions.

According to the announcement, “Algorand is a non-EVM chain with multiple other unique factors that make it the perfect candidate for one of the first rollups outside the Ethereum (ETH) ecosystem.”

“Milkomeda’s chief focus is fostering blockchain interoperability, accomplished by bringing EVM capabilities to non-EVM chains, while creating a seamless user experience.”

Two products are already live on the A1 rollup: Celer and Blueshift. Blueshift is a decentralized exchange based on the Milkomeda Cardano C1 sidechain. Now that it has been deployed on the AI Rollup, it will be possible for Algorand users to access the protocol.

What does this mean for Layer-2 networks?

Launching the Layer-2 A1 rollup is a big deal for Cardano and Algorand because it will allow the two networks to connect. This could not have happened without the rollup since both blockchain networks use different architectures.

Cardano is based on the UTxO architecture, while Algorand uses Algorand Virtual Machine (AVM). Without the Layer-2 rollup, it would be impossible for the two to connect or swap assets.

Blueshift is also planning to release features that will make it possible for users of both networks to make Cross-chain swaps.

Meanwhile, the development did not impact the price of ADA or ALGO.

ADA was down 0.5% over the past 24 hours and down 7.3% over the past seven days — trading at $0.3536.

ALGO was trading at $0.3132 as of press time, down 0.2% in the last 24 hours.





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]]> https://cryptocurrencypanther.com/2022/10/20/l2-solution-makes-cardano-algorand-network-interoperable/feed/ 0 EMURGO Ventures Expands Global Investment Strategy, Targets Interoperable Web3 Technologies with Cardano Synergy https://cryptocurrencypanther.com/2022/06/09/emurgo-ventures-expands-global-investment-strategy-targets-interoperable-web3-technologies-with-cardano-synergy/ https://cryptocurrencypanther.com/2022/06/09/emurgo-ventures-expands-global-investment-strategy-targets-interoperable-web3-technologies-with-cardano-synergy/#respond Thu, 09 Jun 2022 08:50:10 +0000 https://cryptocurrencypanther.com/2022/06/09/emurgo-ventures-expands-global-investment-strategy-targets-interoperable-web3-technologies-with-cardano-synergy/

SINGAPORE, June 8, 2022 /PRNewswire/ — EMURGO Ventures, the investment arm of Cardano’s official commercial arm EMURGO, today announced and outlined its global investment strategy to foster Cardano’s Web3 adoption, including the appointment of two senior executives to execute its strategy.

EMURGO Ventures will carry a broad strategic investment perspective based on Web3 technologies with Cardano interoperability. It will target investments into an expanded spectrum of startups and already established companies; including those that are blockchain-agnostic and built on other blockchain platforms that are interoperable with Cardano’s ecosystem.

Ultimately, this strategy aims to drive Cardano’s Web3 adoption by investing into a variety of Cardano-native and non-Cardano Web3 technologies that can provide interoperable solutions and services to Cardano’s users.

To fulfill this investment strategy, EMURGO Ventures will focus its activities on the following three areas:

  • Invest into Layer-2 solutions addressing blockchain scalability and interoperability to bring more potential Web3 decentralized applications (dApps) in DeFi, gaming, and more to Cardano. This will broaden the programming languages that can be used to develop dApps that are interoperable with Cardano.
  • Invest into established high-caliber Web3 startups to work closely together on bringing proven, user-friendly features to Cardano. Collaborating with these startups will help the development of Cardano in the long run as well as the development of the blockchain industry as a whole to bring forth real Web3 use cases.
  • Invest into established industries that display synergy with Cardano’s Web3 to accelerate the expansion of Cardano’s community and developer talent pool. Industries with large communities that can benefit from Cardano’s technology such as retail and edutech can contribute to the overall growth of the Cardano Web3 ecosystem by helping to onboard new users and developers.

To execute its strategy, EMURGO Ventures also today announced the following appointments:

  • TakashiHayashida has been appointed Managing Partner of EMURGO Ventures. Hayashida will oversee the investment arm’s overall activities and portfolios. Before joining EMURGO Ventures, Hayashida spent his entire career in traditional finance, in commodity derivatives at Goldman Sachs, BNPParibas and Merrill Lynch Japan Securities.

Hayashida’s deep understanding of traditional finance will help to create financial frameworks and manage the company’s financial operations ahead of the anticipated growth of the Web3 market in the years to come.

  • KaiminHu has been appointed Partner of EMURGO Ventures. Hu will be tasked with identifying Cardano Web3 startups and middleware companies, and to support the growth of its portfolio companies. Hu has been involved in the fintech and blockchain industries for 8 years with a range of experiences in product management, strategic investments, and go-to-market strategies.

Hu’s extensive experience and industry network will help to assess the growth potential of its portfolio companies.

“There is no doubt that blockchain will be a foundation for Web3. Our investment strategy and new leadership hires demonstrate that EMURGO Ventures is here to support Web3 startups reach their full potential on Cardano and broaden Cardano’s community,” said EMURGO Founder & Group CEO Ken Kodama.

About EMURGO Ventures
EMURGO Ventures is a wholly owned investment subsidiary of parent company EMURGO Ptd. Ltd. and invests into a variety of startups and middleware solutions companies to drive Cardano’s Web3 adoption.

EMURGO Ptd. Ltd. has offices in Singapore, India, and Indonesia, the U.S., and a roster of global clients & partners. To connect and learn more, visit https://emurgo.io.

For more information:
Albert Kim
Global PR Manager
[email protected] 
+65-6978-5823

SOURCE EMURGO Ventures



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