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Algorand Foundation Launches $300 Million USD Fund to Support DeFi Innovation
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Algorand Foundation Launches $300 Million USD Fund to Support DeFi Innovation
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Algorand Foundation Launches $300 Million USD Fund to Support DeFi Innovation
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MEXC Global Adds Support for Stablecoins USDT and USDC on Algorand
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Proof-Of-Stake Blockchain Algorand Partners with pNetwork to Launch Cross-Chain Functionalities
May 4 2021 · 15:42 UTC | Updated
May 4 2021 · 19:00 by Kseniia Klichova · 2 min read
Photo: Depositphotos
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Announced this week, pNetwork, an interoperability solution for blockchains, is partnering with the Algorand Foundation to introduce cross-chain solutions on the Algorand blockchain.
The Foundation, the leading development firm of Algorand, granted pNetwork an undisclosed amount to enhance the decentralized finance (DeFi) ecosystem via “pNetwork bridges” in order to boost asset liquidity and NFT transfers across blockchains.
Algorand Foundation team will mentor and work with the pNetwork development team in creating Algorand-focused bridges allowing users to connect and communicate with other blockchains and external assets, a statement to our desks reads.