Wormhole Teams Up with Inject for Cosmos Expansion


Jump-backed cross-chain bridge Wormhole has partnered with Ethereum-compatible blockchain Injective to expand into the Cosmos ecosystem.

Source: Coindesk

UST is up 69.23%, while ATOM is up 1.23%.

Injective Labs Chief Executive Officer Eric Chen said the partnership would focus on expanding its network and boosting its new decentralized applications built on top of the blockchain moving forward.

The partnership is the project’s 11th collaboration with a base-layer blockchain, making it able to natively communicate with Cosmos as its ATOM token currently touts a market capitalization of over $3 billion.

The integration will make Injective the main gateway for cross-chain native assets from other prominent layer 1 chains to enter the Cosmos ecosystem, with base-layer blockchains finding difficulties in communicating with one another.

Injective backers include Pantera Capital, Hashed, and popular investor Mark Cuban.


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