Merkle Network joins forces with Polygon to build an interoperable ecosystem.
Merkle Network is delighted to join forces with the Polygon Network and also receive a grant from its Polygon Foundation. With this strategic alliance, Merkle Network will support Polygon and its key partners in their journey to become truly interoperable and derive cross-chain benefits from it.
The Genesis of this Alliance:
Currently, there are billions of values locked on multiple blockchains which are only accessible to users who stay in that same ecosystem. Those data and assets aren’t available on any other chain. This becomes a major barrier for any protocol to gain wider adoption and usability. But until now!
Merkle Network is built to remove such a problem of FRAGMENTATION. Merkle is an interoperable protocol that will connect every possible blockchain. It’ll allow for any project/service to go fully cross-chain and operate in a truly interoperable environment. It’ll connect Polygon with all major blockchains for getting access to information and assets from multiple blockchains. In return, increasing the user activities on the Polygon Network and faster user adoption.
This will allow Polygon to tap into the grey area of cross-chain value that is currently underutilized. This alliance shows a progressive move for the cross-chain industry because cross-chain is the underdog category as of now, but will propel a big growth in the next phase of Web 3,0.
What does it mean?
Polygon Network is currently the largest layer-2 solution that exists in the blockchain space. By joining hands with Merkle Network, Polygon Network has taken a step forward to embrace a new interoperable world and allow its users to experience values that are locked in other blockchains.
- Merkle Network will support Polygon to connect with different chains and utilize the information from different blockchains that’ll allow seamless transfer between them. Namely, Avax, BSC, Moonriver, Polkadot, Cosmos, PulseChain and many more.
- There are a host of services building on Polygon, right from Defi, NFTs, Gaming apps, marketplaces, different innovative services that currently don’t have access to data from other chains. Merkle Network will enable those partners to connect with different chains and allow information flow between them.
This integration marks a new step for Polygon Network to move into the interoperable world and provide its users with the benefits to operate in a cross-chain world.
About Polygon
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 3000+ applications hosted, 1B+ total transactions processed, ~100M+ unique user addresses, and $5B+ in assets secured.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns. for your dApp, get started here.
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