Blockchain

Cardano DeFi platform Ardana partners with NEAR protocol

Recently-launched Ardana – a Cardano based decentralised stablecoin solution – has partnered with Ethereum rival NEAR protocol.

The move aims to deliver an interconnected bridge between the DeFi platform and dApp in an effort to drive revenue-growth for both projects.

Ardana has taken responsibility for building out the key infrastructure that will be needed to operate the cross-chain bridge.

The partnership will be cemented with the inclusion of a planned grant, likely to be funded by the recent $1.5m public capital raise conducted by Ardana in conjunction with Occam.

Ryan Matovu (the CEO of Ardana) lauded the partnership in his announcement.

“Ardana is on a mission to provide the crypto community with seamless integration between different projects and ecosystems,” he said.

“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 both organisations explore new avenues of growth in the emerging ecosystem of blockchain technology and will prove to be a landmark in the future for blockchain scalability.”