Blockchain

Oasis Network Now Integrates Celer’s Interchain Messaging Bridge On Sapphire

Oasis Network Now Integrates Celer's Interchain Messaging Bridge On Sapphire

Key Points:

Oasis Network announced that it had integrated the Celer’s Interchain Messaging bridge on the Sapphire mainnet.
Through this Celer IM (Interchain Messaging) integration, any application on EVM networks can take advantage of the unique confidentiality capabilities of the Sapphire network, enabling developers to build EVM-based dApps.

Oasis Network has recently integrated Celer’s Interchain Messaging bridge into its Sapphire mainnet.

Celer’s Interchain Messaging (IM) Framework is a cross-chain composability solution that enables the creation of cross-chain dApps, promoting efficient liquidity utilization, coherent application logic and shared state across numerous chains. This integration of Celer IM is an essential infrastructure element that enables the performance and functionality of the Oasis Privacy Layer powered by Sapphire.

Through this integration, EVM network applications such as Ethereum, Avalanche, BNB, Polygon, and Arbitrum can benefit from the unique confidentiality capabilities of the Sapphire network. This integration allows developers to build EVM-based dApps.

Celer’s IM has various attractive features, including Plug and Play, Multichain Support, and Single UX. This expansion allows for new web3 use cases and is a catalyst for popular web3 sectors like DeFi, NFTs, Decentralized Identity, DAO governance, and gaming.

The ability for builders and creators to compete with legacy Web2 Web3 products and services is essential for the mass adoption of Web3. Oasis technologies like the Oasis Privacy Layer aim to solve this issue. With Celer, the Sapphire-powered OPL makes it easy to design complex, sophisticated, and interoperable dApps, leverage Sapphire technology on any EVM network, and build the next generation of Web3 dApps to compete with Web2.

Celer and Oasis have collaborated for over a year to bring both Web3 ecosystems access to instant, low-cost cross-chain value transfers and the best Web3 user experience focused on performance and privacy. This latest partnership between Celer and Oasis centered on the Sapphire runtime extends a relationship between the two communities that started in February 2022.

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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.