Ardana to Bridge Cardano (ADA) and Near Protocol (NEAR), Here’s How

ADA

Cardano’s first stablecoin hub to be seamlessly connected to another ‘Ethereum killer’

Two leading “Ethereum killers” of 2021 will have a seamless value bridge designed by Ardana DeFi product

Ardana partners with Near Protocol (NEAR), teases ADA / NEAR bridge

According to the official announcement shared by the Ardana team, a very first stablecoin hub and DeFi project in the Cardano ecosystem (ADA), it has entered into a partnership with Near Protocol (NEAR).

The partnership includes a grant from the NEAR Foundation that will fuel the next phases of Ardana’s development progress.

Establishing a reliable, fast and secure ecosystem for value transfer between Cardano (ADA) and Near Protocol (NEAR) is at the heart of this collaboration.

Ryan Matovu, Ardana CEO and founder, stresses that this collaboration is a crucial one for both the Cardano (ADA) and Near Protocol (NEAR) ecosystems:

Ardana’s mission is to provide the crypto community with seamless integration between different projects and ecosystems. With that in mind, we are thrilled to announce a partnership with NEAR that will bring Ardana closer to this goal. The collaboration will help the two organizations explore new avenues for growth in the emerging blockchain technology ecosystem and will prove to be a milestone in the future for blockchain scalability.

One bridge, many use cases

Erik Trautman, NEAR Foundation CEO, emphasized that developing a bridge is aligned with Near’s “multi-chain” vision:

NEAR’s vision has always envisioned a multi-chain world, in which each blockchain could communicate and exchange data seamlessly with each other. Ardana to help create a multi-chain world, and integrations like this help achieve that.

Basically, the new instrument will allow NEAR to exist on Cardano’s (ADA) smart contracts and be seamlessly integrated into Cardano-centric DeFi infrastructure.

In addition, the NEAR token will be accepted by the Ardana hub as collateral for stablecoin minting initiatives.

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