pNetwork Report #3: June 2022

Published on: 15.07.2022
pNetwork Report #3: June 2022

pNetwork Report #3: June 2022: significant integration (Algorand), a strategic collaboration with Tinyman, and attended three events: Blockchain Oracle Summit, The Galaverse in Malta, and the Meta forum event held annually in Lugano. 

pNetwork Report #3: June 2022 is here for you.

Algorand Network

Let’s jump into first integration in June, which was integrating the Algorand network into ecosystem. They are the first cross-chain protocol allowing users to transfer native USDT/USDC from Ethereum to Algorand. This is important because Algorand is a popular network that is consistently growing and has a huge active community!

To date, pNetwork supports 15 blockchains networks, including various Layer 1 blockchain ecosystems and Ethereum Layer 2. With the new addition of Algorand, users and dApps can now interact with other networks and various dApps in their chosen ecosystem.

Tinyman

They started a strategic collaboration with Tinyman, which allows other assets to be transferred into the Algorand network! The first asset to be launched is pBTC.

BTC holders can start transferring their assets and interacting with useful dApps in the Algorand network. This creates fantastic opportunities for BTC users to interact with fast-growing dApps within the Algorand Network!

Events

These events are important for networking and getting us more recognized by other projects and communities.

The events were as follows: The Blockchain Oracle Summit, The Galaverse in Malta, and the Meta forum event in Lugano.

About pNetwork

The pNetwork is the underlying architecture for pTokens, a cross-chain system enabling assets to move frictionlessly from one blockchain to another, and pNetwork Portals, powering cross-chain interoperability between smart contracts. Currently, pNetwork enables transparent interaction among major blockchain protocols. pNetwork is the progressively governance layer operating the pTokens bridges and pNetwork Portals. It is home to the pNetwork DAO and the ecosystem’s governance token PNT.

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SOURCE:

https://medium.com/pnetwork/pnetwork-ecosystem-report-3-june-2022-6b869d00b419

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