Ardana Announces Strategic Partnership with DApp NEAR

Ardana, Cardano’s asset-backed stablecoin protocol and decentralized exchange, is proud to announce its newest strategic partnership with NEAR, a decentralized application that mainly focuses on both user and developer experience. This partnership, which also includes a grant, aims to have Ardana build the bridge infrastructure required for the transferring of assets between Cardano and NEAR.

Once connected, Ardana will allow token transfers between Cardano and NEAR blockchains and consequently, enable the cross-chain smart contract functionality. Furthermore, the NEAR coin will soon be available as an asset on Cardano. It can also be used as collateral on Ardana to mint stablecoins.

The executives of both parties also expressed their delight in the new partnership. According to Erik Trautman, NEAR Foundation CEO:

NEAR’s vision always envisioned a multi-chain world, whereby each blockchain could seamlessly talk and exchange data between one another. Ardana to aid in the creation of a multi-chain world, and integrations like this help realize that goal.

Meanwhile, the CEO and founder of Ardana, Ryan Matovu, has said:

Ardana is on a mission to provide the crypto community with seamless integration between different projects and ecosystems. With that in mind, we are thrilled to announce a partnership with NEAR that will bring Ardana closer to this goal. The collaboration will help both organizations explore new avenues of growth in the emerging ecosystem of blockchain technology and will prove to be a landmark in the future for blockchain scalability.