Celer cBridge Supports MATTER Bridging between Ethereum and New Antimatter B2
Celer is pleased to announce a partnership with AntiMatter, a platform for decentralized on-chain financial products including derivatives and financial non-fungible tokens (NFTs). Celer cBridge will help bridge the $MATTER token between Ethereum and B2, AntiMatter’s BAS. AntiMatter just launched their BSC Application Sidechain (BAS), known as B2, on mainnet! This BAS intends to enable the AntiMatter ecosystem’s financial blockchain architecture.
This is a special instance because they have never previously supported the bridging and migration of an ERC20 token from one chain to its own sidechain, as well as converting it to the sidechain’s native gas token version. Because MATTER was created on the Ethereum blockchain, it is an ERC20-MATTER on Ethereum and a native-MATTER token on B2. They were able to easily connect the ERC20-MATTER from Ethereum to the native-MATTER utilized as the gas token on B2 using Celer’s cBridge technology. cBridge will also burn the native-MATTER on B2 and release the original ERC20-MATTER on Ethereum when bridging back to Ethereum.
Antimatter is a hub for decentralized on-chain financial products, such as DeFi derivatives and financial NFTs. Antimatter B2 is a low-gas BNB sidechain that facilitates Antimatter DApps. Being community driven, innovative and simple forms the core of Antimatter.
About Celer Network
Celer is a blockchain interoperability protocol enabling a one-click user experience accessing tokens, DeFi, GameFi, NFTs, governance, privacy solutions and more across multiple chains. Developers can build inter-chain-native dApps using the Celer Inter-chain Message SDK to gain access to efficient liquidity utilization, coherent application logic, and shared states. Users of Celer-enabled dApps will enjoy the benefits of a diverse multi-blockchain ecosystem with the simplicity of a single-transaction UX, all from a single chain.