With the burst of a large number of blockchain technologies, there is no doubt that the future will hail the one that offers cross-chain interaction to its users. Interoperability will be vital to growing in the market.
FundMovr, a metabridge, has taken the lead in this case. It now supports Fantom, which means that the users will be able to migrate their assets to the network.
The update was announced by Movr Network. It was supported by the key figures of both sides who issued their statements to highlight the positivity.
Background
Movr Network strongly believes that developing cross-chain technologies is the way forward. It has designed its mission accordingly. The mission statement reads that building cross-chain applications must be simplified to boost the future.
The network is currently working to build an infrastructure that promotes interoperability. This is estimated to promote cross-chain activities like lending, yearning, and swapping, among others.
It launched its first metabridge product in the previous year. FundMovr now functions to bring all other bridges and DEXs under one umbrella.
Fantom is a layer one compatible blockchain platform. It offers advantages like fast speed, high scalability, and tight security to the users. Additionally, Fantom operates on a low-cost model wherein it incurs only 1 cent for a transaction.
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The platform confirms the transactions almost instantly, making it an ideal choice for DeFi applications.
It is also an ideal choice for real-world use-cases as it offers high throughput.
Post announcement, users are excited to experience a seamless migration of their assets and active participation in the projects of the network.
FundMovr Now Supports Fantom
The announcement made by Movr Network has changed the course of the market for a while. With the support that it has extended to Fantom, the users will be able to seamlessly migrate to the network without having to leave their original app.
FundMovr has ensured that it will work jointly with the team and ecosystem of Fantom to offer that experience to the users.
With this, the users will be able to participate in the ecosystem projects while continuing to avail the benefit of lower cost and faster transactions.
Fantom is a popular smart-contract platform in the world of DeFi. The team has till now developed a successful ecosystem and has attracted a Total Value Locked (TVL) of more than $5.5 billion. You can read more here about Fantom’s price prediction.
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Michael Kong, the Chief Executive Officer of Fantom, expressed that he was pleased to be working with the team of Movr Network. He added that the users of Ethereum Layer 2 chains would have access to the opportunities of indulging in dApps and DeFi.
Rishabh Khurana, a Co-Founder of Movr Network, issued a statement saying that he was delighted to be working with Fantom. He called it the fastest-growing ecosystem in the market.
