This is a guest post from Celer Network.
Hello Flow community,
Today, we at Celer Network, a multichain operating system, are excited to announce our partnership with Flow. The integration will enable both digital asset and NFT bridging to all 24 chains connected to Celer’s cBridge, creating seamless multi-chain interoperability.
As we enter an exciting new era of the multi-chain world, this integration will effectively empower everyone in the Flow community to embrace cross-chain opportunities.
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.
In addition to the asset bridge, Celer also offers its State Guardian Network (SGN), a Proof-of-Stake (PoS) blockchain built on Tendermint that serves as the message router between different blockchains.
Rolling out in a series of phases, the initial phase of the partnership will entail Celer’s cBridge to 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 is also bringing bluechip digital assets such as WETH, WBTC, DAI, Frax, USDT, UST, and more to infuse the Flow blockchain and ecosystem.
Additionally, several marquee projects on Flow are collaborating with Celer cBridge in the initial phase to expand both the projects’ utility and user bases with Metapier, a premier AMM DEX, and Increment Finance, a key lending protocol that’s building the DeFi infrastructures, 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.
Following the initial phase of the partnership or ‘phase 1’, 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 alsocollaborating 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 24 different chains supported by Celer cBridge.
Flow stands out to us as a leader in innovating the next generation of games, dApps, and digital assets. While the broader ecosystem becomes increasingly decentralized and multi-chain, we see immense value in connecting Flow’s burgeoning ecosystem to the greater blockchain and Web3 community.