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Avalanche Integrates Narni Multichain Asset Bridge

Daniela Kirova
Daniela Kirova
Daniela Kirova
Author:
Daniela Kirova
Writer
Daniela is a writer at Bankless Times, covering the latest news on the cryptocurrency market and blockchain industry. She has over 15 years of experience as a writer, having ghostwritten for several online publications in the financial sector.
May 10th, 2023
  • The scalable L1 blockchain complements the protocol’s listings on Polygon, Arbitrum, Optimism and Fantom
  • Community support has played a key role in Umbria Network’s organic growth

The Avalanche ecosystem has integrated Umbria’s Narni bridge, which makes it possible to transfer crypto assets between the Ethereum Mainnet and compatible chains quickly and at a low cost, Bankless Times learned from a press release.

The scalable L1 blockchain complements the protocol’s listings on Polygon, Arbitrum, Optimism and Fantom, which are also compatible with the Ethereum Mainnet.

Umbria has partnered (or its bridge wallet has been integrated) with a number of NFT and GameFi projects, including Taco Tribe, The Rocky Horror Show NFTs, Polygon Ape, Cyber Stadium, Violet Gallery, etc. EMG, a Web3 platform that’s part of the Emeldi Group, is currently integrating the bridge into its ‘Super App,’ a flagship Web3 telco app.

Integrations with Solana and Polygon

Community support has played a key role in Umbria Network’s organic growth. Recently, Solana NFT project Y00ts merged to the Polygon network. Social proof led to a large-scale onboarding to Umbria.

Other profile-based and community-building initiatives include launching community Missions on Web3 resource Truts and a listing on Magic Square, a Web3 crypto ecosystem platform.

Clem Chambers, CEO of Online Blockchain PLC, the administrator, advisor, and coordinator of Umbria Network, commented:

We continue to gain traction through partnerships with projects both large and small and are primed to make further advancements as the shoots of crypto spring emerge. The addition to a prominent ecosystem such as Avalanche and increasing advocacy from the DeFi, NFT and blockchain gaming communities further augment our position in the market.

About Narni Bridge

Narni is capital-efficient, allowing for the fast and low-cost bidirectional crypto asset transfer between the Ethereum Mainnet and Polygon, Arbitrum, Fantom, Binance Chain etc. It enables cross-chain asset migration by holding numerous assets on multiple chains in liquidity pools at the same time.

It earns liquidity providers fee-based rewards to incentivize them. There is neither impermanent loss nor a lock-in period.

Contributors

Daniela Kirova
Writer
Daniela is a writer at Bankless Times, covering the latest news on the cryptocurrency market and blockchain industry. She has over 15 years of experience as a writer, having ghostwritten for several online publications in the financial sector.