Celer Network and Flow reached a cooperation to realize the cross-chain bridge of Flow ecological digital assets and NFT

On April 7, 2022, blockchain interoperability protocol Celer Network announced a partnership with Flow. Flow is a developer-friendly blockchain designed to support the next generation of games, applications, and the digital assets that power them. This collaboration will allow digital assets and NFTs on the Flow chain to be bridged to the 27 chains supported by Celer cBridge, creating seamless multi-chain interoperability.

Dr. Mo Dong, co-founder of Celer, said, “Each blockchain ecosystem is developing towards a more decentralized and multi-chain expansion, which also provides a platform for projects, developers and creators to develop rich blockchain based on the unique functions of different chains. Applications present a wealth of opportunities. Flow stands out as a leader in innovation leading the next generation of games, dApps and digital assets, and we are excited to seamlessly connect the thriving Flow ecosystem to the wider blockchain community.”

In the first phase, Celer cBridge will bridge projects with native assets on Flow, and promote the development of the Flow DeFi ecosystem by guiding users on other chains to the Flow chain. Celer will also introduce blue-chip digital assets such as WETH, WBTC, DAI, Frax, USDT, UST into the Flow blockchain and its ecology.

In the initial stage, several large-scale projects in the Flow ecosystem are cooperating with Celer cBridge to expand their application scenarios and user base, such as Metapier, the earliest AMM DEX in the Flow ecosystem, and Increment Finance, an important lending protocol for building DeFi infrastructure. During this phase, cBridge will also support the peer-to-peer NFT mortgage lending marketplace Flowty, the NFT mortgage lending protocol Mantle Finance, and Mynft.io, an NFT platform co-owned by creators, voters, and collectors.

Matthieu Jobbé-Duval, Head of Financial Products at Dapper Labs, said: “We are very excited about the opportunities that Flow’s partnership with Celer presents. As Flow’s ecosystem expands rapidly, the deployment of Celer cBridge will enable dApps to quickly bridge their assets to multiple chains , thereby maximizing its use.”

In the next phase of the partnership, Celer will support NFT cross-chain to expand the use of self-hosted NFTs issued by Flow, such as Legendary NBA Top Shot, NFL and UFC. Through Celer cBridge, users can also introduce other NFTs from outside the Flow ecosystem, allowing NFT owners to explore new uses on Flow and take advantage of the unique capabilities of the Flow blockchain. Celer’s partners in this direction include RCRDSHP, a referral-based digital collectibles platform built by and for the electronic music industry. In addition to this, Celer will also support Cheeze, Inc. — an NFT company focused on photography. Cheeze, Inc. uses customized NFT photo albums to create iconic collectibles for collectors and will be the first NFT issuer to cross-chain between 27 EVM chains and Flow via cBridge.

About Celer 

Celer is a blockchain interoperability protocol designed to provide a one-click user experience for cross-chain solutions for assets, DeFi, GameFi, NFTs, governance, privacy, and more. Using Celer’s cross-chain messaging SDK, the cross-chain native dApps built by developers will have efficient liquidity utilization, coherent application logic, and shared status. Using Celer-supported dApps, users can perform one-click cross-chain on a single chain and benefit from a diversified multi-chain ecosystem.

For more information, please visit the celer official website and join the Celer Network official Telegram community.

About Flow

Flow is a Web3 platform that supports the next generation of games, applications and digital assets as it provides both scalability and usability for consumers and developers. Flow is a public chain created by an amazing team that consistently delivers industry-leading consumer-grade Web3 experiences including CryptoKitties, Dapper, and NBA Top Shot. Flow has a rich ecosystem of top entertainment brands, development studios, and venture-backed startups. Flow ecosystem partners include global IP brands such as Warner Music, Ubisoft, NBA, NFL, LaLiga, UFC; e-commerce leader Shopify, leading game developers including Animoca Brands, Sumo Digital and nWay; and many leaders in the crypto space , such as Circle, Binance, and Rarible. For more information about Flow, please visit the official flow website.

Celer Network

Celer is a blockchain interoperability protocol designed to provide a one-click user experience for cross-chain solutions for assets, DeFi, GameFi, NFTs, governance, privacy, and more. Using Celer’s cross-chain messaging SDK, the cross-chain native dApps built by developers will have efficient liquidity utilization, coherent application logic, and shared status. Using Celer-supported dApps, users can perform one-click cross-chain on a single chain and benefit from a diversified multi-chain ecosystem.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/celer-network-and-flow-reached-a-cooperation-to-realize-the-cross-chain-bridge-of-flow-ecological-digital-assets-and-nft/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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