The partnership will boost Flow’s reach within the DeFi ecosystem and expand the reach of leading NFTs such as Legendary NBA Top Shot
April 7, 2022 — Celer Network, a multichain operating system, has just announced a partnership with Flow, a developer-friendly blockchain designed as the foundation for a new generation of games, apps, and the digital assets that power them. This partnership will enable both digital asset and NFT bridging to all 27 chains connected to Celer cBridge, creating seamless multi-chain interoperability.
“As the broader ecosystem becomes increasingly decentralized and multi-chain, we are seeing plentiful opportunities for projects, developers, and creators to flourish by taking advantage of unique offerings on different chains,” said Dr. Mo Dong, Celer’s Co-Founder. “Flow stands out as a leader in innovating the next generation of games, dApps, and digital assets, and we’re delighted to seamlessly connect Flow’s burgeoning ecosystem to the greater blockchain community.”
In the first phase, Celer cBridge will support bridging for projects issuing tokens on Flow, which will boost Flow’s DeFi ecosystem by providing access to a broader audience across chains. Celer will also support bluechip digital assets, such as WETH, WBTC, DAI, Frax, USDT, UST, and more, allowing them to infuse the Flow blockchain and ecosystem.
Several marquee projects on Flow are collaborating with Celer cBridge in the initial phase to expand both the projects’ utility and user bases. Metapier, a premier AMM DEX, and Increment Finance, a key lending protocol that’s building the DeFi infrastructures, are leading the collaborations within Flow’s DeFi vertical. Flowty, a peer-to-peer collateralized NFT lending marketplace, and Mantle Finance, an NFT-collateralized lending marketplace, as well as Mynft.io, an NFT platform owned by creators, voters and collectors are also participating in this phase.
“We are thrilled by the opportunity presented by the Flow / Celer partnership,” said Matthieu Jobbé-Duval, Head of Financial Products at Dapper Labs. “As the token ecosystem on Flow rapidly expands, Celer cBridge’s deployment will allow dApps to bridge their token on multiple chains at once, letting them maximize their reach.”
Following the initial phase of the partnership, Celer will support NFT bridging to expand the footprint of self-custodial Flow-issued NFTs such as Legendary NBA Top Shot, NFL, and UFC. Through Celer’s cBridge, users can also bring other NFTs from outside of the Flow ecosystem, allowing NFT owners to explore new use cases and utilize the unique capabilities of Flow blockchain. Celer is collaborating with RCRDSHP, a curated digital collectibles platform, built by and for the electronic music industry, and Cheeze, Inc., a photography-focused NFT company that uses bespoke NFT photo galleries to bring iconic collections for collectors, to be the first NFT issuers to bridge their protocols between Flow and the 27 different chains supported by Celer cBridge. To learn more about Celer, please visit celer.network.
Celer is a multi-chain operating system that allows the various application logic, liquidity and states, normally segregated across different chains, to communicate with one another and enables seamless inter-chain composability for dApp developers and projects. Through its asset bridge, cBridge, Celer also enables fast, easy, and secure off-chain transactions for not only payment transactions, but also generalized off-chain smart contracts. For more information, visit celer.network and join the official Celer Network community on Telegram: http://t.me/celernetwork.
Flow is the blockchain designed to be the foundation of Web3 and the open metaverse, supporting consumer-scale decentralized applications, NFTs, DeFi, DAOs, and more. Powered by Cadence, an original programming language built specifically for digital assets, Flow empowers developers to innovate and push the limits that will bring the next billion to Web3. Created by a team that has consistently delivered industry-leading consumer-scale Web3 experiences including CryptoKitties, Dapper, and NBA Top Shot, Flow is an open, decentralized platform with a thriving ecosystem of creators from top brands, development studios, venture-backed startups, crypto leaders, and more. For more information, visit flow.com.