{"id":3103,"date":"2021-11-26T08:06:18","date_gmt":"2021-11-26T13:06:18","guid":{"rendered":"https:\/\/www.virlan.co\/trends\/?p=3103"},"modified":"2023-03-06T07:25:54","modified_gmt":"2023-03-06T12:25:54","slug":"cardano-near-bridge-ardana-will-build-a-cross-chain-bridge","status":"publish","type":"post","link":"https:\/\/www.virlan.co\/trends\/cryptocurrency\/cardano-near-bridge-ardana-will-build-a-cross-chain-bridge\/","title":{"rendered":"Cardano-Based Ardana Will Build a Cross-Chain Bridge Between Cardano and NEAR. Who Has Built the First-Ever Cardano- NEAR Bridge ?"},"content":{"rendered":"<h2>Cardano-Based Ardana Will Build a Cross-Chain Bridge Between Cardano and NEAR<\/h2>\n<p>Cardano-based Ardana will build a cross-chain bridge between Cardano and NEAR protocol as per the terms of a new strategic partnership between the two teams.<\/p>\n<p><strong>Ardana<\/strong>, which calls itself the DeFi hub of <a href=\"https:\/\/www.virlan.co\/trends\/tag\/Cardano\/\"><strong>Cardano<\/strong><\/a>, announced on Tuesday, November 23, that it had joined forces with the NEAR protocol in a strategic partnership to build a bridge that will allow assets to flow freely between <strong>Cardano and NEAR<\/strong>.<\/p>\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">? <a href=\"https:\/\/twitter.com\/ArdanaProject?ref_src=twsrc%5Etfw\">@ArdanaProject<\/a> is partnering with <a href=\"https:\/\/twitter.com\/NEARProtocol?ref_src=twsrc%5Etfw\">@NEARProtocol<\/a> to build a <a href=\"https:\/\/twitter.com\/Cardano?ref_src=twsrc%5Etfw\">@Cardano<\/a> bridge! ? <a href=\"https:\/\/twitter.com\/hashtag\/Ardana?src=hash&amp;ref_src=twsrc%5Etfw\">#Ardana<\/a>, the the first all-in-one stablecoin ecosystem built on Cardano, will connect and enable token transfers between the <a href=\"https:\/\/twitter.com\/hashtag\/NEAR?src=hash&amp;ref_src=twsrc%5Etfw\">#NEAR<\/a> and <a href=\"https:\/\/twitter.com\/hashtag\/Cardano?src=hash&amp;ref_src=twsrc%5Etfw\">#Cardano<\/a> blockchains.<br><br>Read more ?<a href=\"https:\/\/t.co\/BZOuY4h09o\">https:\/\/t.co\/BZOuY4h09o<\/a><\/p>&mdash; NEAR Protocol (@NEARProtocol) <a href=\"https:\/\/twitter.com\/NEARProtocol\/status\/1463113848559390728?ref_src=twsrc%5Etfw\">November 23, 2021<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n<p>The bridge will connect both these layer-1 blockchains and also support the integration of projects built on these chains. Initially, the bridge will enable \u201ctoken transfers between the NEAR and Cardano blockchains and, later on, enable cross-chain smart contract functionality.\u201d<\/p>\n<p>Ardana is an all-in-one decentralized stablecoin ecosystem built on Cardano. The platform will allow users to mint stablecoins against locked collateral. The platform itself is powered by its native utility and governance token DANA. As a DeFi hub of Cardano, it is also building an automated market maker (AMM) decentralized exchange, Danaswap, to support the trade of stablecoins and stable assets. It\u2019s coming soon stablecoin dUSD will be backed on-chain collateral and will enable borrowers to take leverage on their ADA or other supported assets.<\/p>\n<p>This means the bridge will make NEAR\u2019s native coin available as an asset on Cardano. This will allow NEAR holders to use their assets as collateral on Ardana to mint stablecoins.<\/p>\n<p>To build the bridge, Ardana has received a grant from NEAR protocol. In October 2021, NEAR announced an $800 million fund to fuel the DeFi growth in its ecosystem. Although it is not mentioned in the announcement, it seems that Ardana has received a grant from this fund.<\/p>\n<p><\/p>\n<h2>Who Has Built the First-Ever Cardano- NEAR Bridge ?<\/h2>\n<h5>Ardana \u2013 a Cardano based decentralised stablecoin solution \u2013 has partnered with Ethereum rival NEAR protocol<\/h5>\n<p>According to CoinGecko, the Cardano and NEAR ecosystems are growing by leaps and bounds, with a current marketcap of USD 54 and 31 billion, respectively. However, nowadays, both ecosystems act like separated islands that can be unified if a bridge is developed.<\/p>\n<p>Therefore, Ardana has recently announced a strategic partnership with Near protocol. This alliance will provide the bridging infrastructure for asset transfer between the two protocols.<\/p>\n<h3>Benefits of the Cardano-NEAR Bridge<\/h3>\n<p>Ardana will enable token transfers across the NEAR and Cardano blockchains. In other words, this cross-chain bridge will provide the following benefits:<\/p>\n<p>Enable cross-chain smart contract capability: Ardana will enable this feature by connecting Cardano and NEAR over their bridge. This will make developers\u2019 jobs much more accessible, allowing communities to collaborate to build more apps.<\/p>\n<h4>The NEAR token will later be available as a Cardano asset: It will be used as collateral to issue stablecoins on Ardana.<\/h4>\n<p>According to the annoucement, Erik Trautman, the CEO of NEAR Foundation, said, \u201cNEAR\u2019s 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.\u201d<\/p>\n<p>On the other hand, Ryan Matovu, founder and CEO of Ardana, said: \u201cThe 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.\u201d<br>About Ardana<\/p>\n<p>Ardana is Cardano\u2019s stablecoin hub which brings different DeFi initiatives required to launch and support any economy to Cardano. The platform is a highly capital-efficient exchange that allows swaps with minimal slippage and fees. Finally, it provides low-risk yield opportunities for investors.<\/p>\n<h3>About NEAR Protocol<\/h3>\n<p>Moreover, NEAR is a high-performance blockchain that is intended to be fast, safe, and scalable. Therefore, NEAR\u2019s goal is to build a network that will serve as a gateway for billions of users to access the next generation of the internet.<\/p>\n<p><\/p>\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Ardana?src=hash&amp;ref_src=twsrc%5Etfw\">#Ardana<\/a> is one-of-a-kind, but how? ?<br><br>? In this piece, we have explored the core usecases and elements that set us apart from the competition. \u2b50\ufe0f<br><br>Find out more in the article below \u2b07\ufe0f <a href=\"https:\/\/twitter.com\/search?q=%24DANA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$DANA<\/a><a href=\"https:\/\/t.co\/k27eO2U6qX\">https:\/\/t.co\/k27eO2U6qX<\/a><\/p>&mdash; Ardana &#8211; DeFi Hub of Cardano (@ArdanaProject) <a href=\"https:\/\/twitter.com\/ArdanaProject\/status\/1462405435080601601?ref_src=twsrc%5Etfw\">November 21, 2021<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n<p>also read :<\/p>\n<ul>\n<li><a href=\"https:\/\/www.virlan.co\/trends\/tiktok-audius\/\">TikTok + Audius ? TikTok partners with music streamer Audius on TikTok Sounds<\/a><\/li>\n<li><a href=\"https:\/\/www.virlan.co\/trends\/bitcoin-all-time-high-ethereum-hit-record-highs-as-crypto-market-rallies\/\">Bitcoin All time high : Dow Jones Falls As Bitcoin Hits Record High! Ethereum Hit Record Highs As Crypto Market Rallies<\/a><\/li>\n<li><a href=\"https:\/\/www.virlan.co\/trends\/top-cryptocurrency-traders-to-follow-most-influential-people-in-crypto\/\">Top Cryptocurrency Traders To Follow + Most INFLUENTIAL People in Crypto<\/a><\/li>\n<li><a href=\"https:\/\/www.virlan.co\/trends\/crucial-crypto-amendment-fails-in-us-senate-lone-senator\/\">Crucial Crypto Amendment Fails in US Senate : Lone Senator<\/a><\/li>\n<li><a href=\"https:\/\/www.virlan.co\/trends\/shiba-inu-coin-price-hits-a-record-as-robinhood-petition-shib-buy-opportunity\/\">Shiba inu coin price hits a new record as Robinhood petition . buy opportunity before SHIB doubles again<\/a><\/li>\n<\/ul>\n<p>Likewise, it also happened back in September 2021. During that time, haters implied that Cardano only has a limited utility. Back then, Hoskinson bought a Ghostbusters uniform to make fun of the Cardano haters and have some fun.<\/p>\n<blockquote>\n<p>I truly enjoy that the narrative about Cardano is changing from Ghostchain with no use and utility to \u201chow will Cardano handle all this congestion? Blocks are full!!!! DApps are turning on!!! \u201c<\/p>\n<\/blockquote>\n<p>Now, the <strong>ADA<\/strong> Founder took to Twitter to imply that from \u201cGhostchain\u201d issues, the haters are now moving onto network congestion issues. Now, they are asking how Cardano will handle congestion, saying that blocks are full, and saying that DApps are turning on.<br>Despite all the FUD centering around Cardano, the platform has done a lot of upgrades. Recently, IOHK, the Cardano developers, announced they will soon create the first network adjustments to support future growth.<\/p>\n<blockquote>\n<p>Likewise, Ardana, the <strong>DeFi<\/strong> and stablecoin hub developed on the <strong>Cardano<\/strong> ecosystem stated that it started a strategic partnership with the dApp platform, NEAR.<\/p>\n<\/blockquote>\n<h3><span style=\"color: #3366ff;\">Cardano CEO: Answering Questions On The Future of ADA&nbsp;<\/span><\/h3>\n<p>Cardano ADA will reach the $700 mark<\/p>\n<p>In this video <strong>Charles Hoskinson<\/strong> will discuss the price of Cardano, Cardano ADA, <a href=\"https:\/\/www.virlan.co\/trends\/tag\/Bitcoin\/\"><strong>Bitcoin<\/strong><\/a>, <a href=\"https:\/\/www.virlan.co\/trends\/tag\/Ethereum\/\"><strong>Ethereum<\/strong><\/a> and the rest of the altcoin and cryptocurrency markets.<\/p>\n\n\n<iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/QdL3OTZ34LA\" title=\"YouTube video player\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen=\"\" width=\"560\" height=\"315\" frameborder=\"0\"><\/iframe>\n\n\n<h4>who is Charles Hoskinson ?<\/h4>\n<h5>Charles Hoskinson is an American Software Developer, Businessman, Entrepreneur and Technician,<\/h5>\n<p>who is the founder of <strong>Cardano<\/strong> and co-founder of <strong>Ethereum<\/strong>, which are both blockchain platforms.<\/p>\n<p><\/p>\n<p>also read :<\/p>\n<ul class=\"wp-block-latest-posts__list wp-block-latest-posts\">\n<li>\n<div class=\"wp-block-latest-posts__featured-image alignleft\"><a href=\"https:\/\/www.virlan.co\/rushhour2ndwin-watch-monsta-x-takes-1st-win-for-rush-hour-on-the-show-performances-by-oneus-weki-meki-billlie\/\"><img loading=\"lazy\" decoding=\"async\" class=\"attachment-thumbnail size-thumbnail wp-post-image lazyloaded\" src=\"https:\/\/www.virlan.co\/wp-content\/uploads\/2021\/11\/MONSTA-X-Takes-1st-Win-For-Rush-Hour-On-The-Show-150x150.jpg\" alt=\"MONSTA X Takes 1st Win For \u201cRush Hour\u201d On \u201cThe Show\u201d\" data-src=\"https:\/\/www.virlan.co\/wp-content\/uploads\/2021\/11\/MONSTA-X-Takes-1st-Win-For-Rush-Hour-On-The-Show-150x150.jpg\" width=\"150\" height=\"150\"><\/a><\/div>\n<p><a href=\"https:\/\/www.virlan.co\/rushhour2ndwin-watch-monsta-x-takes-1st-win-for-rush-hour-on-the-show-performances-by-oneus-weki-meki-billlie\/\">#RushHour2ndWin : Watch: MONSTA X Takes 1st Win For \u201cRush Hour\u201d On \u201cThe Show\u201d; Performances By ONEUS, Weki Meki, Billlie.<\/a><\/p>\n<\/li>\n<li>\n<div class=\"wp-block-latest-posts__featured-image alignleft\"><a href=\"https:\/\/www.virlan.co\/karim-benzema-sex-tape-scandal-france-and-real-madrid-striker-karim-benzema-has-been-found-guilty-of-conspiring-to-blackmail-a-fellow-french-footballer-with-a-sex-tape\/\"><img loading=\"lazy\" decoding=\"async\" class=\"attachment-thumbnail size-thumbnail wp-post-image lazyloaded\" src=\"https:\/\/www.virlan.co\/wp-content\/uploads\/2021\/11\/Karim-Benzema-Sex-Tape-150x150.jpg\" alt=\"Karim Benzema Sex Tape\" data-src=\"https:\/\/www.virlan.co\/wp-content\/uploads\/2021\/11\/Karim-Benzema-Sex-Tape-150x150.jpg\" width=\"150\" height=\"150\"><\/a><\/div>\n<p><a href=\"https:\/\/www.virlan.co\/karim-benzema-sex-tape-scandal-france-and-real-madrid-striker-karim-benzema-has-been-found-guilty-of-conspiring-to-blackmail-a-fellow-french-footballer-with-a-sex-tape\/\">Karim Benzema Sex Tape Scandal ! France and Real Madrid striker Karim Benzema has been found guilty of conspiring to blackmail a fellow French footballer with a sex tape<\/a><\/p>\n<\/li>\n<li>\n<div class=\"wp-block-latest-posts__featured-image alignleft\"><a href=\"https:\/\/www.virlan.co\/when-someone-says-gonzaga-never-plays-anyone-no-1-gonzaga-vs-no-2-ucla\/\"><img loading=\"lazy\" decoding=\"async\" class=\"attachment-thumbnail size-thumbnail wp-post-image lazyloaded\" src=\"https:\/\/www.virlan.co\/wp-content\/uploads\/2021\/11\/Gonzaga-150x150.jpg\" alt=\"Gonzaga\" data-src=\"https:\/\/www.virlan.co\/wp-content\/uploads\/2021\/11\/Gonzaga-150x150.jpg\" width=\"150\" height=\"150\"><\/a><\/div>\n<p><a href=\"https:\/\/www.virlan.co\/when-someone-says-gonzaga-never-plays-anyone-no-1-gonzaga-vs-no-2-ucla\/\">when someone says Gonzaga never plays anyone! No. 1 Gonzaga vs. No. 2 UCLA<\/a><\/p>\n<\/li>\n<li>\n<div class=\"wp-block-latest-posts__featured-image alignleft\"><a href=\"https:\/\/www.virlan.co\/watch-namjoon-asks-james-about-that-joke-grimacing-face-btsxlatelate-bts-late-late-show-james-corden\/\"><img loading=\"lazy\" decoding=\"async\" class=\"attachment-thumbnail size-thumbnail wp-post-image lazyloaded\" src=\"https:\/\/www.virlan.co\/wp-content\/uploads\/2021\/11\/BTS-Late-Late-Show-James-Corden-150x150.jpg\" alt=\"BTS Late Late Show James Corden\" data-src=\"https:\/\/www.virlan.co\/wp-content\/uploads\/2021\/11\/BTS-Late-Late-Show-James-Corden-150x150.jpg\" width=\"150\" height=\"150\"><\/a><\/div>\n<p><a href=\"https:\/\/www.virlan.co\/watch-namjoon-asks-james-about-that-joke-grimacing-face-btsxlatelate-bts-late-late-show-james-corden\/\">Watch : Namjoon asks James about that joke Grimacing face #BTSxLateLate. BTS Late Late Show James Corden<\/a><\/p>\n<\/li>\n<li>\n<div class=\"wp-block-latest-posts__featured-image alignleft\"><a href=\"https:\/\/www.virlan.co\/marvel-studios-hawkeye-is-now-streaming-only-on-disney-plus\/\"><img loading=\"lazy\" decoding=\"async\" class=\"attachment-thumbnail size-thumbnail wp-post-image lazyloaded\" src=\"https:\/\/www.virlan.co\/wp-content\/uploads\/2021\/11\/Hawkeye-150x150.jpg\" alt=\"Hawkeye\" data-src=\"https:\/\/www.virlan.co\/wp-content\/uploads\/2021\/11\/Hawkeye-150x150.jpg\" width=\"150\" height=\"150\"><\/a><\/div>\n<p><a href=\"https:\/\/www.virlan.co\/marvel-studios-hawkeye-is-now-streaming-only-on-disney-plus\/\">Marvel Studios\u2019 Hawkeye is now streaming only on Disney Plus. See how Hailee Steinfeld brings Kate Bishop to life in Marvel Studios\u2019 Hawkeye in a special look!<\/a><\/p>\n<\/li>\n<li>\n<div class=\"wp-block-latest-posts__featured-image alignleft\"><a href=\"https:\/\/www.virlan.co\/nasa-launches-new-mission-crash-into-asteroid-defend-planet-earth\/\"><img loading=\"lazy\" decoding=\"async\" class=\"attachment-thumbnail size-thumbnail wp-post-image lazyloaded\" src=\"https:\/\/www.virlan.co\/wp-content\/uploads\/2021\/11\/NASA-Launches-New-Mission-Crash-Into-Asteroid-Defend-Planet-Earth-150x150.jpg\" alt=\"NASA Launches New Mission: Crash Into Asteroid, Defend Planet Earth\" data-src=\"https:\/\/www.virlan.co\/wp-content\/uploads\/2021\/11\/NASA-Launches-New-Mission-Crash-Into-Asteroid-Defend-Planet-Earth-150x150.jpg\" width=\"150\" height=\"150\"><\/a><\/div>\n<p><a href=\"https:\/\/www.virlan.co\/nasa-launches-new-mission-crash-into-asteroid-defend-planet-earth\/\">NASA Launches New Mission: Crash Into Asteroid, Defend Planet Earth. Nasa\u2019s Dart mission wants to see how difficult it would be to stop a huge space rock from colliding with Earth<\/a><\/p>\n<\/li>\n<li>\n<div class=\"wp-block-latest-posts__featured-image alignleft\"><a href=\"https:\/\/www.virlan.co\/mavericks-beat-clippers-in-ot-to-snap-skid-the-mavericks-have-now-won-6-straight-games-in-which-kleber-has-recorded-at-least-8-points-and-8-boards-in\/\"><img loading=\"lazy\" decoding=\"async\" class=\"attachment-thumbnail size-thumbnail wp-post-image lazyloaded\" src=\"https:\/\/www.virlan.co\/wp-content\/uploads\/2021\/11\/Dallas-Mavericks-150x150.jpg\" alt=\"Dallas Mavericks\" data-src=\"https:\/\/www.virlan.co\/wp-content\/uploads\/2021\/11\/Dallas-Mavericks-150x150.jpg\" width=\"150\" height=\"150\"><\/a><\/div>\n<p><a href=\"https:\/\/www.virlan.co\/mavericks-beat-clippers-in-ot-to-snap-skid-the-mavericks-have-now-won-6-straight-games-in-which-kleber-has-recorded-at-least-8-points-and-8-boards-in\/\">Mavericks beat Clippers in OT to snap skid. The Mavericks have now won 6 straight games in which Kleber has recorded at least 8 points and 8 boards in<\/a><\/p>\n<\/li>\n<li>\n<div class=\"wp-block-latest-posts__featured-image alignleft\"><a href=\"https:\/\/www.virlan.co\/the-first-of-many-jadon-sancho-scores-his-first-goal-for-manchester-united-sparkles\/\"><img loading=\"lazy\" decoding=\"async\" class=\"attachment-thumbnail size-thumbnail wp-post-image ls-is-cached lazyloaded\" src=\"https:\/\/www.virlan.co\/wp-content\/uploads\/2021\/11\/Jadon-Sancho-150x150.jpg\" alt=\"Jadon Sancho\" data-src=\"https:\/\/www.virlan.co\/wp-content\/uploads\/2021\/11\/Jadon-Sancho-150x150.jpg\" width=\"150\" height=\"150\"><\/a><\/div>\n<p><a href=\"https:\/\/www.virlan.co\/the-first-of-many-jadon-sancho-scores-his-first-goal-for-manchester-united-sparkles\/\">The first of many, Jadon Sancho scores his first goal for Manchester United Sparkles<\/a><\/p>\n<\/li>\n<\/ul>\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<h3>Charles Hoskinson Clarifies Cardano\u2019s Regulatory Status As ADA Takes Hit From eToro\u2019s Delisting<\/h3>\n<ul>\n<li>Social trading platform eToro announces delisting of Cardano (ADA) due to regulatory concerns.<\/li>\n<li>Charles Hoskinson clarifies that there is no regulatory event at Cardano to be bothered about. <\/li>\n<li>Almost simultaneously, Bitstamp has announced the listing of ADA with trading to go live tomorrow.<\/li>\n<\/ul>\n<blockquote>\n<p>Social trading platform eToro has announced that it would be delisting Cardano (ADA) and TRON (TRX) from its platform due to \u201cbusiness-related considerations in the evolving regulatory environment.\u201d<\/p>\n<\/blockquote>\n<p>The delisting will affect the platform\u2019s users based in the U.S. According to the platform\u2019s announcement, the delisting will be carried out in phases that will be fully implemented by early next year. U.S. users will no longer be able to open new positions by December 26. Staking rewards for the two cryptocurrencies will also end by December 31, while final reward payouts will happen on January 15, 2022. eToro was notably one of the first platforms to list Cardano, having listed it back in 2018.<\/p>","protected":false},"excerpt":{"rendered":"<p>Cardano-Based Ardana Will Build a Cross-Chain Bridge Between Cardano and NEAR Cardano-based Ardana will build a cross-chain bridge between Cardano and NEAR protocol as per the terms of a new strategic partnership between the two teams. Ardana, which calls itself the DeFi hub of Cardano, announced on Tuesday, November 23, that it had joined forces [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3105,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4389,990],"tags":[2955],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cardano- NEAR Bridge : Ardana Will Build a Cross-Chain Bridge<\/title>\n<meta name=\"description\" content=\"Cardano-Based Ardana Will Build a Cross-Chain Bridge Between Cardano and NEAR. 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