Public Mint links up with Multichain
Partnership with the bridging platform opens connectivity to a host of new networks — and opportunities
Remember the ramp thing we were talking about? This is pretty much it!
After going through all appropriate due diligence, Multichain and Public Mint have established an official partnership. Mutually aiming to further advance decentralization, the routing platform will operate as the go-to mechanism for cross-chain communications and interoperability, while the newfound connectivity strengthens Public Mint’s stance as the ideal doorway for fiat funds in and out of the cryptoverse.
Techs and specs
For those unfamiliar with Multichain, they are a cross-chain router protocol with routing channels on more than 25 blockchains, including EVM chains such as Polygon, Layer 2 such as Arbitrum and Bitcoin-like such as Litecoin. Here’s the full list of supported networks.
To connect and move the different assets across the different blockchains, Multichain rely on a tool of their own invention: anyCall. The anyCall protocol allows cross-chain messages and contract calling from chain A to chain B, and is supported by the Multichain SMPC network nodes — which are already being used to secure billions of assets. After both teams working closely together on testing and integration, Public Mint now has its own fastMPC node up and running.
Want to find out more about the anyCall protocol and MPC nodes? Check out this very cool article by Multichain.
What it means for Public Mint and the Community
Cross-chain interoperability, and the greater agility in moving assets that comes with it, enhances the ecosystem’s ability to host all kinds of products and solutions, especially those that require or work with other chains. Opening up to other blockchains will allow Public Mint to transfer tokens — namely onboarding MINT and listing it on outside DEXs — and tap into deeper streams of liquidity much more easily, aiding with the expansion of the Public Mint blockchain as a whole.
This, in parallel with the extremely fast transaction finality and the lower gas fees that apply on networks other than Ethereum, is bound to bring about a whole new array of solutions wishing to build on a secure, fiat native blockchain such as Public Mint.
BUIDLERS, you say?
A sturdy foundation is an essential feature of any building — any one that’s built to last, that is! With this new partnership, both individual and enterprise builders can rest assured their DApp development efforts will connect to various liquidity sources and communities, allowing them to focus on onboarding users and building the best application they can. As they usually say: build it and they’ll come — to BUIDL on top of it!
Getting funds in and out of Public Mint has never been easier — and cheaper!
Thank you, and see you on the other side 🟢
About Public Mint
Public Mint is an open and complete blockchain platform for fiat money, where funds are fully collateralized and held on deposit with regulated, FDIC-insured institutions. Public Mint offers an open, fiat-native blockchain and APIs, ready for anyone to build fiat-based applications and accept credit cards, wire transfers, stablecoins and more. On top of that, the Public Mint EARN platform offers users automated and diversified returns on USD assets, leveraging the power of blockchain and DeFi.
The EARN program is a community-governed earnings aggregation application built on top of Public Mint’s fiat-native blockchain. The program aims to make it easy and safe for the broader public to tap into the high returns available on the crypto space.
About the MINT Token
The MINT token is core to Public Mint EARN, a program that aggregates different sources of high earnings from the crypto space — both CeFi and DeFi — into a simple, intuitive platform.
The MINT token will not only allow users to participate in the governance of EARN, but will also pay a portion of the earnings of the program to active MINT stakeholders. Much like a traditional fund, these crypto-experts are incentivized to pick the best sources of returns, and the best combination of value and security.