Ardana and Nervos Network Are Now Partners

 Ardana has officially partnered with Nervos Network — a smart contract blockchain that is part of the UTXO-Alliance with Cardano.

The Nervos Force Bridge is a cross-chain solution that will connect the Nervos and Cardano ecosystem, which will provide Cardano users with cross-chain liquidity. In addition, there will also be liquidity provision in the Nervos ecosystem for DANA (Ardana’s native token).

“Expanding our relationship with Cardano and its ecosystem partners such as Ardana is important to Nervos’ vision as we expand our multi-chain strategy and move closer to true interoperability throughout the entire blockchain ecosystem. We look forward to introducing asset transfers and other DeFi-related opportunities to users across both ecosystems with the completion of the bridging infrastructure.” — Kevin Wang, Nervos Network Co-Founder.

Overall, partnership will benefit the Cardano ecosystem and facilitate interoperability with other blockchains. Furthermore, Nervos’ native token, the CKByte ($CKB), will also become one of the first cross-chain assets to collateralize stablecoins on the Ardana platform.

“Both Ardana and Nervos Network believe that interoperability and decentralization will be at the heart of a global digital economy in the future. This collaboration will allow both organizations to explore new development opportunities in the evolving blockchain ecosystem and encourage interoperability between other blockchains,”— Ryan Matovu, Ardana CEO and Founder.

This partnership will also make it possible for Ardana to utilize the force bridge to port over liquidity and for CKB to be used as collateral for Ardana’s stablecoins. Linking the two ecosystems will allow for asset transfers between Cardano and Nervos, and assist project integration on both blockchains.

Users can look forward to transferring assets from Cardano to Nervos, without affecting the asset’s value. As a result, transfers between the two blockchains will be highly efficient and cost-effective. In addition, token transfers between Nervos and Cardano-compatible chains will be available, as well as cross-chain smart contract capabilities.

ABOUT Ardana
Ardana is Cardano’s stablecoin hub, bringing the necessary DeFi primitives needed to bootstrap & maintain any economy to Cardano. Ardana offers an on-chain asset-backed stablecoin and a decentralized stable-asset DEX.

ABOUT Nervos Network
The Nervos Network is being built by a team of developers with deep roots in the crypto space. We are a diverse group with backgrounds in engineering, cryptography, token-economics and community building – currently more than 95+ people across the world.

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