Axelar And Polygon To Deliver Cross-chain Communication To Polygon Supernets

Axelar, a cross-chain platform, has announced a collaboration with Polygon to provide secure cross-chain communications to Polygon Supernets. Axelar’s collaboration with Polygon, according to the business, will serve as the foundation for an interoperable internet of specialized Ethereum Virtual Machine (EVM) blockchains powered by Polygon Edge.

In response to how the Axelar–Polygon collaboration will benefit the Web3 ecosystem, Sergey Gorbunov, CEO and co-founder of Axelar, stated:

“Supernet chains offer users fast user experience with significantly lower gas fees in comparison to other existing L1s and L2s. Users can easily move and use their currencies and NFTs across multiple Supernet chains, opening them up to the possibilities of a multichain Web3 ecosystem.”

The relationship with Polygon, according to Gorbunov, is a chance to share the vision of a cross-chain future with a growing community of builders on Polygon Supernets and support the apps and blockchains that will be constructed there.

Polygon users will profit from this collaboration, he says, since they will be able to connect securely to functionalities, assets, and user networks everywhere on Web3.

Parth Pathak, General Manager of Supernets at Polygon, said:

“This enables complex operations — for example, cross-chain borrow-lend, using NFTs as collateral. Polygon Supernets is creating the world’s leading interconnected Web3 ecosystem through multichain mass adoption via one-click experiences, for users across gaming, enterprise, NFTs & DeFi.”

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