📢 pNetwork Ecosystem Report #3: June 2022
Hey, pNetwork fam!
It’s that time of the month again! We’ve been on a roll and are excited to share exciting news and what the month of June had in store for us! We want to present Ecosystem Report #3 for June without further adieu!
June was a hectic month for the crypto market, but we found time to build and thrive! Despite these challenging conditions, our team continued their work. We had a 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. Such fun stuff happens when you’re around great minds who share ideas freely and even more to learn about when surrounded by such innovation.
Let’s jump right into the integration for this month, shall we?
Let’s jump into our first integration in June, which was integrating the Algorand network into our ecosystem. We 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.
What a list! You can be assured it will only get bigger as the months go by!
We 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.
(We’ve also recently upgraded pBTC to v2, you can learn more about it here: https://medium.com/pnetwork/pbtc-v2-what-is-new-788932a97f4d)
(If you haven’t already, migrate your pBTCv1 to pBTCv2; take advantage now while the incentives still last!)
Check out the link here: https://dapp.ptokens.io/migration)
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!
Currently, there is an ongoing pool on Tinyman right now for some great APY! Make sure you check it out cause the incentives are limited time only; the link is below!
We were blessed to be invited to attend three events in June. These events are important for networking and getting us more recognized by other projects and communities. We will never say no to fun events!
The events were as follows: The Blockchain Oracle Summit, The Galaverse in Malta, and the Meta forum event in Lugano. Below are some photos of the events!
The Blockchain Oracle Summit
Thomas was a keynote speaker discussing pNetwork and how “The Future is Multichain” — Enhancing the Interoperability of Dapps and DeFi with Cross-chain Oracles.”
Thomas was invited as well to The Galaverse in Malta!
Thomas as a keynote speaker! Discussing Eidoo and using wallets as platforms!
June was a solid month for us in terms of integration, collaboration, networking, and overall building! Despite the harsh market conditions, things are looking very good for us! We have MUCH more planned and a lot currently in the pipeline, so make sure you stay tuned. As always, thank you all for your support and confidence in us! It means a lot knowing we have such a strong community that believes in us. Till next time folks!
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, including Bitcoin, Ethereum, Binance Smart Chain, and Dogecoin. pNetwork is the progressively decentralized governance layer operating the pTokens bridges and pNetwork Portals. It is home to the pNetwork DAO and the ecosystem’s governance token PNT.
Link to pTokens dApp: https://dapp.ptokens.io/