In an important step toward advancing blockchain interoperability, CelerNetwork has announced its latest integration with Ocean Protocol’s OCEAN on the Oasis Sapphire mainnet. The announcement was made via a tweet from CelerNetwork, which read: “Celer cBridge is excited to announce that we now support Ocean Protocol’s OCEAN! Users can now bridge OCEAN between Ethereum and Oasis Protocol’s Sapphire mainnet to help power Ocean Protocol’s Predictor on Oasis Sapphire!”
CelerNetwork, known for its blockchain interoperability solutions, is leading the way in enabling a seamless user experience across various blockchain ecosystems. With the integration of Ocean Protocol’s OCEAN, users now have the ability to bridge this utility token between Ethereum and Oasis Sapphire, unlocking a host of possibilities for the Ocean Protocol ecosystem.
A gateway to Blockchain interoperability
CelerNetwork is a blockchain interoperability protocol that has gained recognition for its mission to provide a one-click user experience to access tokens, DeFi platforms, GameFi applications, NFTs, governance tools, privacy solutions, and more across multiple blockchain networks. Developers can leverage the power of the Celer Inter-chain Message SDK to easily build inter-chain native decentralized applications (dApps).
These dApps can take advantage of benefits such as efficient liquidity use, coherent application logic, and shared states across different blockchain platforms. Meanwhile, users of Celer-enabled dApps will experience the simplicity of a single-transaction user experience while gaining access to the diverse multi-blockchain ecosystem.
The Celer cBridge, which has been operational since its launch in July 2021, acts as a decentralized and non-custodial asset bridge supporting over 170 tokens across 40+ blockchains and layer 2 rollups. It functions as a multi-chain interoperability platform, allowing users to bridge assets and send arbitrary messages instantly and at a low cost. This bridge has become an essential component for users and developers looking to navigate the complicated landscape of cross-chain scenarios, opening up a world of possibilities for blockchain enthusiasts.
Enabling data ownership and sharing
Ocean Protocol’s OCEAN token holds a special place in the world of blockchain as it is used for data curation and buying and selling data. The unique tokenomics model pays out the token supply over time, promoting both short-term growth and long-term sustainability. OCEAN is designed to increase in value as usage volume increases, making it a key asset within the Ocean Protocol ecosystem.
OCEAN tokens are deployed on the Ethereum mainnet, and the smart contracts for Ocean’s functionality are also deployed on the Ethereum mainnet, as well as several other Ethereum Virtual Machine (EVM) compatible networks. With the integration of OCEAN into CelerNetwork’s cBridge, users can now easily access and use this tool across various blockchain networks, expanding the reach and usability of Ocean Protocol’s ecosystem.
The collaboration between CelerNetwork and Ocean Protocol marks another milestone in the journey towards true blockchain interoperability. As the blockchain industry continues to evolve, collaborations like this will play a crucial role in expanding the possibilities of what can be achieved through blockchain networks, ultimately benefiting both users and developers.