Allbridge, the company behind the development of the cross-chain bridge of the same name, has announced it has integrated with the NEAR Protocol. According to the announcement:
“We are becoming the first bridge connecting NEAR Protocol to the Terra, Solana and Celo ecosystems. This allows us to bring liquidity to NEAR from 12 different networks.”
According to the developers of the project, the cross-chain bridge will involve the LUNA and UST tokens of the Terra ecosystem, the SOL crypto of the Solana project and the Celo Protocol assets — CELO and cUSD.
NEAR Protocol has previously raised $150 million in an investment round led by Three Arrow Capital, with the participation of Andreessen Horowitz, Alameda Research, Dragonfly Capital and other investors.