Announcing the Strategic Partnership with Orbiter — building the infrastructure of Memecoin on-chain engagement together

Color Protocol
2 min readApr 22, 2024

--

We are thrilled to announce our strategic partnership with @Orbiter_Finance. Through this partnership, we will extend the value-generating flywheel for Memecoin to omni-chains.

Color Protocol is the first conversion protocol that makes Memecoins colorful by converting existing Memecoins from ERC-20 into ERC-404 assets, enabling well-known Memecoins to have attributes of both NFT and Token. It aims to build a new paradigm for Meme-based art asset issuance, generating greater consensus and value for the communities and holders.

Orbiter Finance, a widely-used protocol and the leader in cross-L2 bridges, manages a substantial volume of transactions and serves a vast user base.

Partnership Framework

Orbiter will offer strategic support for Color Protocol’s conversion protocol to create a secure and convenient conversion experience for users together.

Through this collaboration, Color Protocol can leverage Orbiter’s cross-chain technology to establish consensus for more Memecoins on different chains while ensuring optimal security. Orbiter will benefit from increased cross-chain demand from Memecoins, strengthening its dominance in the cross-bridge sector.

Memecoins will be a most powerful engine for on-chain user growth, and Color Protocol is the fuel that ignites this process.

--

--

Color Protocol

Converting existing ERC20 and ERC721 assets into ERC404.