Blockchain
Online Blockchain plc: Cheap, Fast and Easy Bridging of MATIC on Umbria Network
MATIC, the native token for the Polygon Network, can be migrated cross-chain almost instantly and at minimal cost using Umbria’s Narni Bridge – bridge.umbria.network.
The popular token, which is currently ranked 20 of all crypto assets in terms of market cap, can be transferred with the Narni Bridge at approximately a 90% discount to other solutions. A typical transaction for MATIC takes less than four minutes and often costs just $4-$9 to transfer from Ethereum to Polygon.
In addition to benefitting from incredibly fast and inexpensive transactions, users of Narni can put their $MATIC to work by lending it to the bridge to earn interest on this asset. With Narni’s ‘pool and earn’ feature (https://bridge.umbria.network/pool/), liquidity providers (LPs) receive fees when other participants bridge MATIC between networks.
The ‘pool and earn’ feature is particularly lucrative for anyone staking $UMBR – Umbria’s governance token. These liquidity providers earn their share of a 0.3% fee, whenever anyone transfers any of the assets supported by the bridge (including MATIC) cross-chain. The rewards earned are paid in the assets used to bridge between networks and are added to the staking balance of each token on the respective network. Unlike many other platforms, where users provide liquidity as a pair of two different tokens and can lose upside due to the change in value of the underlying assets, on Narni there is no impermanent loss as only one asset is provided as liquidity.
Wednseday 17th, November saw the Narni bridge record its highest volume of transactions.
“Polygon solves many of the significant limitations of the Ethreum Network chiefly poor throughput and high gas fees, which is making it an increasingly popular platform for DeFi and NFT projects to build on including ourselves,” said Oscar Chambers, Co-lead developer at Umbria. “As its market share and TVL increases so does interest in its native token MATIC. We’re seeing this first hand and are thrilled to enable users to bridge this asset incredibly cheaply, easily and quickly; and to earn APY.”
For more information about the bridge see the Umbria documentation page: bridge.umbria.network/docs and for feedback, questions and the very latest news about the Narni Bridge please head to our Discord channel.
See the latest data on UMBR on CoinMarketCap and CoinGecko:
Blockchain
Revolutionizing Fintech: 6G Digital & Rune Nilsson’s FlexM Global in a Bold $12.5M Deal Shaking the Banking Industry
Blockchain
Teletubbies Digital Companions to Launch on the Tezos Blockchain
MetaPals, an AI digital companion platform, is partnering with WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on 20 April, 2024.
As Teletubbies commemorates its 27th anniversary on 31 March, the collaboration marks the beginning of an exciting array of renowned IPs joining the ‘MetaPals Multiverse’ in 2024. Through the use of AI and blockchain technology powered by Tezos, much loved Tinky Winky, Dipsy, Laa-Laa, Po, and even Noo-Noo have become personalized, evolving digital companions within the MetaPals browser extension game engine.
The Teletubbies characters integrate with users’ daily browsing experience that accompanies users across the web, offering both playful interactions and practical assistance. This technology not only brings these fun characters to life in new, interactive ways, but also helps to enhance the mental well-being of users by fostering a sense of companionship.
Each Teletubbies companion within the MetaPals Multiverse will exhibit unique personality traits, offering users a diverse and dynamic experience. With personalities distributed across 5000+ Teletubby companions along a spectrum, users are guaranteed a one-of-a-kind experience, ensuring enjoyment for all and opportunities to foster new connections with this nostalgic brand.
Max Giammario, CEO of MetaPals, said: “Through this collaboration we’re not just revisiting Teletubbyland, we’re reinventing it for the digital age. By weaving in AI and blockchain, we enable the Teletubbies characters to evolve, interact, and form unique bonds with users, embodying our vision of dynamic digital companionship. With a bit of ‘MetaPals magic’, the Teletubbies are exploring beyond the hills and far away, ready to play, in ways we’ve never imagined.”
Melissa Goodrich, Director, Franchise Strategy at WildBrain, said: “We’re excited to see our colorful quartet come to life in new ways through this unique digital experience for fans. As we celebrate 27 years of the perennially popular Teletubbies franchise, this latest collaboration encapsulates the essence of childhood nostalgia while embracing the limitless possibilities of the digital age.”
Jason Lim, TZ Apac Games Adoption Team for the Tezos Ecosystem, said: “MetaPals will be pioneering the convergence of iconic IPs such as Teletubbies with the limitless possibilities of the Tezos blockchain. I can’t wait to see the magic they are brewing up next.”
The post Teletubbies Digital Companions to Launch on the Tezos Blockchain appeared first on HIPTHER Alerts.
Blockchain
Alarum Announces Exciting Events Lineup and Welcomes Esteemed Advisor to NetNut’s Advisory Board
-
Blockchain Press Releases7 days ago
Bitcoin Halving Frenzy: Join Bybit’s Miner’s Point Plaza for a Shot at $1 Million and Witness History!
-
Blockchain7 days ago
New to The Street Announces Episode 564, Five Corporate Interviews, Airing on The Fox Business Network, Monday, March 25, 2024, at 10:30 PM PT
-
Blockchain7 days ago
Moondance Labs Announces $6 Million Funding to Boost Development of Tanssi Protocol
-
Blockchain Press Releases7 days ago
Bitget Unveils Proof of Reserves (POR) in March 2024: BTC & ETH Assets Surge by 20%
-
Blockchain Press Releases4 days ago
Bitget Wallet Partners with Over 40 Projects Including Avalanche, Taiko to Launch the BWB Ecosystem Partner Program
-
Blockchain Press Releases2 days ago
KuCoin’s Head of Key Account Discusses the Fusion of Decentralized Finance and Traditional Banking at WOW Summit 2024
-
Blockchain Press Releases4 days ago
Trade Volatility Smartly: Bybit Introduces Smart Leverage, Offering Users Unprecedented Control with No Liquidation
-
Blockchain Press Releases3 days ago
Bybit Expands Trading Horizons with Solana Options