Portal Finance partners with Ontology

Published on: 30.05.2024
Portal Finance partners with Ontology

Portal Finance partners with Ontology Network a high-speed, low-cost public blockchain, focused on decentralized identity (DID) and data solutions today. This strategic collaboration will see the integration of the $ONT and $ONG tokens, based on the Ontology EVM blockchain, into the Portal DEX. This will enable users to effortlessly trade them against native BTC and BTC-based assets with one click, using Portal’s pioneering atomic swaps technology. 

Ontology Network recently launched a $10 million fund, to enhance the development, adoption, and education of decentralized identity (DID) technologies; The partnership with Portal, backed by Coinbase, OKX, and Arrington Capital, signifies the marriage of two pioneering protocols with a shared vision of true financial self-sovereignty and ownership of one’s assets and online identity.

“Ontology is excited about the collaboration with Portal DeFi and the opportunities it presents. Our focus is on bringing our communities together to explore new possibilities. We look forward to seeing the innovative solutions this partnership will generate.”Raindy Lu, Head of Marketing

Looking forward, Ontology plans to integrate its native chain and assets as well as the aforementioned Ontology EVM. This will give the Portal community access to Ontology tokens and dApps, fostering collaboration and introducing them to Ontology’s cutting-edge DID and Reputation protocols.

“This integration with Ontology aligns with our mission of bringing users sovereignty, privacy, and security to their lives online. The vision of Web3 is built upon the freedom to own one’s data, identity, and finances, and we are achieving this through innovative partnerships with top tier infrastructure like Ontology,” — Dr. Chandra Duggirala, CEO & Co-Founder of Portal.

Ontology is a high-performance, open source blockchain specializing in digital identity and data. Ontology’s unique infrastructure supports robust cross-chain collaboration and Layer 2 scalability, offering businesses the flexibility to design a blockchain that suits their needs.

With a suite of decentralized identity and data sharing protocols to enhance speed, security, and trust, Ontology’s features include ONT ID, a mobile digital ID application and DID used throughout the ecosystem, and DDXF, a decentralized data exchange, and collaboration framework.

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