Hi guys and welcome to another lovely day and the weather is looking quite lovely as well but too bad the same can't be said about the crypto Market as a straight dump was observed leading to series of positions liquidation across various exchange as BTC took a straight dive down to the 39k mark leaving many in shock who thought a market recovery was about to begin. This simply tells us the market is uncertainty and individuals should always manage their risk at all times.
That said, we saw series development taking place surrounding one of our most discussed topic which is none other than PlatON network and this development includes the partnership with Stone Aeon and Celer network. I must the past week was quite eventful.
Today's writeup will basically be about the recent partnership between PlatON Network and Celer network and what to expect.
What is Celer network?
Celer is a blockchain interoperability protocol enabling a one-click user experience accessing tokens, DeFi, GameFi, NFTs, governance, privacy solutions and more across multiple chains.
Celer Network basically helps in bridging various chains which inturn makes several platform/project support multiple chains and tokens and PlatON is not new to us but for those joining us for the first time,
PlatON is a next-generation Internet infrastructure protocol based on the fundamental properties of blockchain and supported by the privacy-preserving computation network.
Over the past couple of months myself and others have been making use of the PlatON network and one of the most used service would be the Aton wallet which allows users to easily store and access Lat token and also various types of supported NFT but what if we could also store stable coins and other paired coin on Aton wallet this would be cool right?
Well the possibility of this happening is no longer far away due to the recent partnership between PlatON and Celer network.
If you recall, Celer network allows the bridging between various chains and this also includes coins and tokens, with this partnership users will be able to bridge $WETH, $WBTC, $USDC, $USDT, $DAI, $GRT, and $LINK from other chains directly to PlatON network.
Meaning if you would like to hold stable on your PlatON network this will become possible in time to come and this is simply one of many updates PlatON is currently working on.
With this new update, it furthers cement my beliefs on the entire team working behind the PlatON network and it means the multiple updates that have been dropped prior to now were not simply theoritical but a practical implications is gradually ongoing and my expectations for Q2 of 2022 regarding PlatON network is high.
You can read the official partnership announcement here https://blog.celer.network/2022/04/11/celer-cbridge-partners-with-platon-to-enable-cross-chain-transfers/
Until some other time, do have a productive week
