Axelar, Mysten Labs partner on cross-chain communication for super dApps

Axelar, the Proof-of-Stake (PoS), blockchain Axelar, and Mysten Labs, the infrastructure company behind Sui Blockchain, announced a partnership Tuesday to provide cross-chain communication for developers via General Message Passing. This partnership is intended to help advance the possibility of a “super dApp”. Integration will be complete by the end of this year.

The collaboration will allow dApps created in Move, Mysten’s programming language, to call any function on any chain. The companies claim that developers will be able “tap in” with any token, wallet or blockchain they want, without the need to bridge, swap, or access features”. These use cases include incorporating liquidity into Web3 games and leveraging digital assets to secure multichain lending and borrowing.

Sergey Gorbunov (CEO and co-founder of Axelar), spoke to Cointelegraph.

Web3’s permissionless and open nature gives it an advantage that has yet to be tapped. Super apps in Web2 are built on monopolies and oligopolies. Web3 allows developers to compose as they wish, but this freedom has been limited by the limitations of existing ecosystems. Combining the power of the Move programming language with the Sui blockchain, General Message Passing gives developers an unparalleled set of tools even in Web2.

Cross-chain technology allows data exchange between distributed ledger technology designs (DLT) or other systems. This facilitates interoperability which can increase security, flexibility, and performance. Cross-chain communication removes the need to determine which chain has the highest liquidity or users.

Gorbunov stated that the partnership will accelerate the migration from Web2 industry developers to blockchain. It allows them to connect features from other blockchains to their applications. Last year saw unprecedented growth in Web3 development, with more than 34,000 developers contributing code Web3 projects.

After closing a $35 Million Series B funding round, the Axelar Network was granted unicorn status in February. Dragonfly Capital was among the participants, as well as Polychain Capital and North Island Ventures. Its blockchain links web3 ecosystems like Avalanche or Polkadot.

Mysten Labs recently announced a $300 million Series B round of investment to accelerate the adoption of their Sui blockchain ecosystem. This proof-of-stake (PoS), layer-1 blockchain uses a feature called transaction parallelization to achieve high throughput and low transaction fees.

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