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Ardana announces new partnership with Near Protocol (NEAR)



As part of the partnership with the Near-Protocol, Ardana will build a bridge for the transfer of assets between Cardano and NEAR.

According to the official announcement by the Ardana team, the very first stablecoin hub and DeFi project of the Cardano Ecosystem (ADA), it has partnered with Near Protocol (NEAR). A few weeks ago, Ardana announced the successful completion of its second DEX Initial Offering (IDO), barely a week after completing the first.

Ryan Matovu, CEO and Founder of Ardana, emphasizes that this collaboration is critical for both the Cardano and the near-protocol ecosystem:

“Ardana is committed to providing the crypto community with seamless integration between different projects and ecosystems. With that in mind, we are excited to announce a partnership with NEAR that will bring Ardana closer to this goal. The collaboration will help both organizations explore new avenues for growth in the emerging blockchain technology ecosystem and will prove to be a milestone in the future for blockchain scalability. "

NEAR describes itself as a dynamic ecosystem that is secure, scalable, and focused on both developer and user experiences. Commenting on the partnership, NEAR Foundation CEO Erik Trautman said:

“NEAR's vision has always envisaged a multi-chain world in which each blockchain can seamlessly communicate with each other and exchange data. Ardana is designed to help create a multi-chain world and integrations like this help make that goal a reality. "

With the partnership and the subsequent integration of projects in the Cardano and NEAR ecosystems, Ardana will facilitate the transfer of tokens from Cardano to NEAR and vice versa, with cross-chain smart contract functions also being added in the future.

The news comes shortly after the strong growth in Cardano adoption. The network recently passed the 2 million wallet mark, and the previous milestone of 1 million ADA wallets was only reached six months ago, according to the Cardano Foundation.

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