AssetMantle Secures Strategic Cross-chain Partnership With Axelar Network

There have been several significant advancements in recent weeks, including the $MNTL token’s introduction on numerous centralized exchanges, like Coinsbit & Lbank, and major development enhancements, with the launch of the Mantleplace, rapidly approaching.

The Mantle team has recently signed a collaboration agreement with Axelar Network, a leading provider of cross-chain infrastructure.

Web3 users may communicate securely across chains thanks to Axelar as it allows users of decentralized applications (dApps) to instantly engage with any asset or application on any chain.

About Axelar Network

The Axelar network makes Universal Web3 interoperability a reality by linking blockchains to each other. Axelar adopts a Proof-of-stake consensus for network security, and permissionless protocols are used for message routing and translation.

In order to provide composability between blockchains, Axelar includes a collection of software development kits (SDKs) and application programming interfaces (APIs), a decentralized network of validators, safe gateway contracts, consistent translation, and routing architecture.

The Axelar SDKs offer a complete package for creating Web3 applications, making sure that developers get the resources they want. Developers may create dApps that are quickly deployable across all Axelar-connected ecosystems by using these tools and APIs in conjunction with the Axelar network and its SDKs.

What Are The Consequences Of This Partnership?

AssetMantle is collaborating with Axelar to achieve the following:

• IBC Setup for AssetMantle chain and Axelar Network interchain communication

Users will be able to transfer assets (and ultimately messages with General Message Passing) over the IBC link thanks to interchain communication.

Hence, chains linked by AssetMantle and Axelar may now communicate with one another without interruption, enhancing the usefulness and flow of money via each chain.

• Inter-chain communication

AssetMantle assets outside of the Cosmos ecosystem will have greater usefulness thanks to cross-chain communications.

• Bridges using ERC-20 stablecoins

The AssetMantle chain will become more liquid and stable by facilitating the transfer of stablecoins and other non-native assets from an expanding variety of ecosystems.

• Contribution of the AsGuard Validator to the testnet and mainnet

The Axelar testnet will receive excellent infrastructure assistance from AssetMantle’s validator AsGuard.

AssetMantle integrated into Satellite

Through an easy-to-use user interface, the web-based application Satellite allows users to move assets between chains. AssetMantle applications’ front ends may use the same capability, enabling seamless one-click user interfaces.

You can learn more about the specifics of Satellites here:

https://medium.com/axelar/transfer-terra-assets-to-evm-chains-using-satellite-f6480c7ff20c

Axelarscan

Axelar’s block explorer Axelarscan, which offers total transparency, in real-time, regarding the assets and communications transported to or from AssetMantle, is just one of the tools that Axelar has incorporated into AssetMantle.

In conclusion, the mutual support made possible by AssetMantle and Axelar’s collaboration will boost both parties’ resilience and use cases, leading to an ecosystem with greater overall strength and development potential.

About AssetMantle

AssetMantle is a multi-tenant NFT marketplace architecture that enables producers and collectors to safely create, hold, and trade digital assets on its fast-finality blockchain. With the AssetMantle no-code toolkit, creators may freely develop bespoke assets and markets.

You can find out more about AssetMantle and keep up with their latest news and developments via the following links:

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