pNetwork and Algorand formally work together to build new cross-chain links

PNetwork, a cross-chain connectivity system that allows assets and immutable tokens (NFTs) to move freely between blockchains, has formally partnered with pure proof blockchain Algorand aimed at convergence between decentralized and traditional finance. Transverse bridges for the Algorand ecosystem. pNetwork received a grant from the Algorand Foundation to build a bridge powered by pNetwork that allows Algorand to connect to external assets and ecosystems. As the cryptocurrency industry continues to evolve, the development of alternative financial platforms is increasing. A critical component of the success of these activities is asset liquidity in the decentralized arena, currently spread across multiple independent blockchain protocols. Like all blockchain-based networks, Algorand is in its own ecosystem, which is inherently difficult to interact with other protocols and assets such as Bitcoin or Ethereum. PNetwork's PNT powered pTokens bridges are designed to solve this problem: they provide a common, simple and secure basis for allowing tokens to move through blockchains. With more than 750 organizations using its technology, Algorand enables the easy creation of next-generation financial products and protocols and enables value exchange between financial institutions and governments. Partnership with Algorand x pNetwork aims to expand the Algorand ecosystem – through pNetwork, Algorand supports the best cryptocurrencies connected 1: 1 to its underlying native versions and seamlessly transferred from one blockchain to another. "The Algorand Foundation is delighted to partner with pNetwork to bring cross-chain interoperability even closer," said Sean Lee, CEO of the Algorand Foundation. facilitating a new financing model that combines historical financing,

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