Blockchain

Celer Network To Deploy On The Sei Ecosystem

The Sei Ecosystem will implement the Celer Network blockchain interoperability protocol.

To open up Sei and enable interoperability between them and external blockchains, Celer Network will first integrate cBridge support for the Sei mainnet. Shortly after, Celer plans to include the Celer Inter-chain Messaging (Celer IM) framework.

Token transfers between external chains and Sei will be supported by Celer using the lock-and-mint approach of xAsset, which supports asset bridging.

This paves the way for dApps to build NFT bridges, the capacity to buy and sell NFTs across other chains, and cross-chain reward claiming, in addition to enabling dApps to construct fluid cross-chain UXs between Sei and numerous external blockchains. With Celer IM, all of these tasks and more are not only feasible but can also be provided to consumers as a one-click, one-transaction UX.

The Sei aims to create a Decentralized NASDAQ for Web3 by acting as an incredibly affordable, secure, and quick Layer 1 blockchain for the DeFi space.

Going into the mainnet launch, Sei is being built upon by more than 60 teams from Solana, Polkadot, Terra, and NEAR, and Celer Network is thrilled to support this expanding ecosystem.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.