Polygen Strategic Partnership with Multichain!
Polygen is ecstatic to announce the next big partnership with Multichain, a bridging platform for cryptocurrencies and NFTs across blockchains.
Multichain formerly known as Anyswap will help the Non-EVM based project that will be conducting raises on Polygen bridge their tokens through Multi chain’s powerful solutions.
What is MultiChain?
Multichain is an open-source, cross-chain router protocol (CRP) that lets users bridge tokens, cryptocurrencies and NFTs across blockchains. Formerly known as Anyswap, they let users bridge via pegged tokens or liquidity pools and Multichain’s Router will determine the best method for the coin you want to bridge. For coins with native tokens on multiple chains, Multi chain will swap cryptocurrencies across chains using liquidity pools.
Multichain continues to spearhead interoperability as they constantly work with some of the leading blockchains in the space.
The platform strongly believes that the only way the blockchain space can foster increased and consistent adoption is if blockchains can find a way to work together.
Working together not only works for the benefit of the users, but blockchains can also complement each other and improve their attributes.
Why is this Important for Polygen?
The recent integration with Multichain comes at a critical time for us. As the Polygen ecosystem continues to expand and help conduct raises for more exceptional crypto-based projects, there is an increasing demand for interoperability between networks. Thankfully, Multi chain will play a huge part in helping us achieve that goal.
Multichain will provide the necessary tools to make transactions and connections seamless within their platform.
This collaboration with the Multi chain protocol will help support blockchains that are incompatible with the Ethereum Virtual Machine (EVM) and be able to interact and exchange assets with each other flawlessly.
Multi chain is now the front runner in the cross-chain field, with a rapidly expanding family of 53 chains and total trading volume exceeding $83 billion.chains and daily volumes exceeding $100 million.
“Through interoperability, different blockchains can work together, boosting convenience and seamlessness for users. This shows the priceless service that Multichain provides because without it, we wouldn’t have today’s simple experience when crossing chains. Until projects begin offering their own multi-chain capabilities, services like Multi chain will continue to be essential; it is for this reason that Polygen is excited to join forces with Multichain.” — George Abshar, Polygen COO.
About Multichain
Multichain is the ultimate Router for web3. It is an infrastructure developed for arbitrary cross-chain interactions.
About Polygen
Polygen is a decentralized, permissionless launchpad natively built for Polygon. Its goal is to set a new benchmark where projects are valued by their productivity, innovation, and success rate.
SOURCE
