NEW: The Jump_-backed Wormholecrypto bridge is expanding into the Cosmos ecosystem with an InjectiveLabs partnership. 0x_bae reports
-compatible blockchain that is able to natively communicate with Cosmos. Cosmos’ ATOM token currently boasts a market cap of over $3 billion, making it a top 30 token by market cap, according to data from CoinMarketCap.
“With Wormhole being a major force within the crypto industry, the partnership will be focused on expanding Injective’s network and supporting new built on top of the blockchain moving forward,” said Eric Chen, CEO of Injective Labs, in a statement.) and users, investors and builders are increasingly focusing on interoperability solutions.
Popular layer 1, or base-layer, blockchains, such as Ethereum, Avalanche and Solana, cannot easily communicate with each other, meaning assets held on one blockchain are difficult to transfer onto another.
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