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Wormhole and Nuffle Labs Partner to Revamp Multichain Restaking
In a groundbreaking move, Wormhole and Nuffle Labs have joined forces to revolutionize the way cryptocurrencies are staked. The partnership aims to enable seamless cross-chain restaking, allowing assets from various blockchains to be locked up for returns without being restricted by traditional limitations.
The problem that the collaboration seeks to address is the current fragmentation of economic zones, as Sertgoz explained. “Economic zones like L1 and L2 are fragmented and the assets that live in a specific economic zone cannot contribute or benefit from an application in another economic zone,” he said.
To tackle this issue, Wormhole’s innovative solution will offer native cross-chain restaking for the first time. This breakthrough technology enables users to restake tokens from any blockchain on EigenLayer, leveraging NEAR DA and Nuffle Fast Finality Layer. The former ensures data availability, while the latter enables multi-chain messaging.
The implications of this partnership are far-reaching. For instance, platforms such as Flow Traders, Securitize, Agora, and Infinex can now integrate Wormhole’s technology to provide enhanced services for their clients.
Source: coinjournal.net
