Algorand and pNetwork have announced a partnership that will bring more connectivity to the Algorand ecosystem with an external network. The partners will launch a cross-chain bridge with major platforms across the crypto industry.
To achieve their objective, the Algorand Foundation gave pNetwork a grant to create a bridge powered by its platform. Thus, Algorand will be able to build a connection with other networks, assets, tokens, dApps, and smart contracts.
Algorand will benefit from an increase in assets and tokens liquidity and have a bigger role in relevant market sectors, such as DeFi and NFTs. Therefore, the Algorand ecosystem will become much more accessible for new users by implementing pNetwork’s PNT token with the pTokens bridges. This system facilitates cross-chain assets transaction on top of a general-purpose and secure platform.
Algorand To Be Connected With Bitcoin, Ethereum, and Others Via pNetwork
Algorand Network will leverage pNetwork’s interoperability features in Summer 2021. The cooperation will also allow Algorand to