Following a $25m Series A raise, Axelar continues to strategically scale its ecosystem which has grown to include early adopters including Polygon, Terra, Polkadot, and Avalanche
Axelar, the decentralized interoperability network that connects blockchain ecosystems, applications and users, has today announced a new partnership with Cosmostation, an application provider and one of the genesis validator node operators and application developers in the Cosmos ecosystem. Through this partnership, Cosmostation will work to secure the Axelar network and serve as a top-tier validator for the network. Cosmostation will also support Axelar on Cosmostation Mobile, Cosmostation Web Wallet, Keystation and Mintscan Block Explorer.
Sergey Gorbunov, Co-founder and CEO of Axelar, commented: “We’re excited to welcome Cosmostation as an official validator partner, as we believe that their history and involvement in the Cosmos ecosystem is a great asset to both the robustness of Axelar’s network as well as the end-users. Cosmostation’s philosophy and the execution of their technology to date are impressive, making them an ideal candidate to be part of the Axelar ecosystem. This partnership will bring opportunities to scale and develop new applications on Axelar and we’re looking forward to what we’re going to be able to build as a result.”
Axelar’s interoperability protocol is decentralized, highly secure, universally adoptable, and designed to frictionlessly connect all blockchain ecosystems that speak different languages. The protocol enables developers to build on any blockchain platform while leveraging global cross-chain liquidity and composability through the Axelar network.
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The integration further fuels the scaling of the Axelar network by bringing experienced technical solutions to the validator ecosystem. By providing user-friendly applications and design, Cosmostation will be supporting Axelar on its range of products.
This announcement comes on the heels of a $25m Series A raise for Axelar, which was led by Polychain Capital. The funding was raised with the goal of scaling the network’s key integrations while expanding Axelar’s developer team amid a period of growth for the company. Axelar Network is currently live in testnet, with a range of early adopters using Axelar’s technology stack including Polkadot, Terra, Avalanche, Polygon, Pangolin Exchange, and Keplr Wallet.
David Park, Chief Marketing Officer at Cosmostation, commented: “We’re thrilled to work alongside Axelar Network as a validator node operator and end-user application provider. Axelar’s ecosystem is growing at a strong pace and we are looking forward to being a part of it. Through this partnership, Cosmostation will work towards a unified vision of enabling cross-chain liquidity across sovereign networks, helping to bootstrap its adoption with our expertise in node operation and application development.
Axelar is building a decentralized network and tools that connect users, assets, and dApp across multiple blockchain ecosystems. The network empowers developers to build on the best platform for their needs while leveraging the Axelar stack to unlock cross-chain composability and liquidity. Axelar Network consists of a protocol suite, tools, and APIs, designed to break down the barriers to cross-chain communication. Powered by a decentralized open network of validators, anyone can join the network, use it and build on it. The Axelar Network provides a uniform solution to cross-chain communication, allowing dApps to integrate with the full blockchain ecosystem. Developed by the founding team members of Algorand, Axelar’s co-founders are award-winning graduates of MIT, where they received notable recognition as part of their graduate studies.
Cosmostation is an enterprise-level validator node infrastructure and end-user application provider based in Seoul, South Korea. Cosmostation runs validator nodes across several networks, specifically focused on PoS(Proof of Stake) and Tendermint engine networks. Along with node operation, Cosmostation develops and maintains Mintscan Block Explorer for Tendermint-powered networks and Cosmostation iOS, Android, Web Wallets to support in-depth features for modules specific to each network.
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