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Tag: Axelar

  • Cosmos-baed Keplr Wallet integrates with cross-chain network Axelar

    Cosmos-baed Keplr Wallet integrates with cross-chain network Axelar

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    Axelar, a decentralized interoperability network that connects blockchain ecosystems, applications, and users, announced it has entered into a new partnership with Keplr, the largest Cosmos interchain wallet.

    The partnership will integrate the Keplr Wallet into the Axelar network to unlock liquidity within the Cosmos ecosystem and beyond. Keplr is the most considerable Cosmos wallet and offers users all-in-one tools to manage their assets, access decentralized applications (dApps), and stake tokens.

    Integration Interests

    Through this integration, users will be able to transact, stake, and participate in the Axelar network governance via the Keplr web and mobile wallets.

    Furthermore, the partnership will also allow assets to be transferred from the Axelar network to other Cosmos chains and back via IBC; supported by both the Axelar network and Keplr.

    “Keplr is the go-to wallet for Cosmos users, and we are excited for them to partner with the Axelar network and support the ecosystem. This integration is a big milestone for the multi-chain future and to connect Cosmos networks with other external ecosystems.”
    – Sergey Gorbunov, Co-Founder & CEO of Axelar

    Integration means users will be able to move assets from all Cosmos chains to other ecosystems connected via the Axelar network, such as EVM chains like Ethereum, Avalanche, Moonbeam, and others. This will not only increase liquidity for users but will expand Keplr’s network of dApps and their utility.

    “This latest integration with Axelar network is satisfying a growing demand for cross-chain asset movement support across the industry. Axelar network will lead the charge in bringing highly in-demand assets such as Bitcoin to the Interchain; and further catalyze IBC adoption.”
    – Josh Lee, Co-Founder of Keplr Wallet

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  • Axelar secures $25M to grow its blockchain interoperability protocol

    Axelar secures $25M to grow its blockchain interoperability protocol

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    Axelar, a decentralized interoperability network that connects blockchain ecosystems, apps, and users, has raised $25m in its Series A funding, led by Polychain Capital. The funding will go towards scaling the network’s key integrations and providing more engineering resources for the team’s rapid expansion.

    In addition to Polychain Capital, notable investors in the funding round include Dragonfly Capital; Galaxy Digital; North Island Ventures; Robot Ventures; Collab+Currency; Cygni Capital; Lemniscap; Divergence Ventures; SCB 10X; Hypersphere; Zola Global Investors; Nima Capital; and GoldenCoin TS LLC.

    Angel investors participating in this Series A include Do Kwon, co-founder of Terra; Happy Walters, co-founder and CEO of Catalyst Sports & Media; Waikit Lau, founder and CEO of RemoteHQ; and others.

    Interoperability Protocol

    The Axelar protocol is designed explicitly to frictionlessly connect all blockchain ecosystems that speak different languages. The protocol empowers developers to build on any blockchain platform and leverage cross-chain liquidity and composability via the Axelar Network.

    Axelar Network is currently live in testnet, with a range of early adopters including the Polkadot, Terra, and Avalanche ecosystems. Polkadot users will be able to move digital assets from external chains to Moonbeam and use them in dApps; while Avalanche users and developers will be able to access assets on Bitcoin, Ethereum, and additional chains connected to Axelar’s network.

    “We are delighted to have reached such an important funding milestone, which will allow us to work towards our goal in delivering complete industry-wide blockchain interoperability solutions, including further integrations with other networks. We are thankful for such a vote of confidence in Axelar by our investors and stakeholders; who have recognized the need for scalable cross-chain communication, and believe that Axelar is the one to deliver it.”
    – Sergey Gorbunov, Co-Founder & CEO of Axelar

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