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Wormhole and Nuffle Labs Partner to Revolutionize Multichain Restaking
In a groundbreaking move, Wormhole and Nuffle Labs have announced a partnership aimed at transforming the staking landscape by enabling native cross-chain restaking. This innovative collaboration has the potential to unlock new opportunities for stakeholders in the cryptocurrency space.
According to Sertgoz, Head of Business Development at Nuffle Labs, “the fragmentation of assets within economic zones is a major issue.” He emphasized that “assets living in a specific economic zone cannot contribute or benefit from an application in another economic zone,” highlighting the need for a solution that bridges these gaps. This is precisely what Wormhole and Nuffle Labs aim to achieve.
The partnership marks a significant milestone, as it will now be possible for users on the Nuff Protocol to restake tokens from any blockchain on EigenLayer. The technology utilizes NEAR DA (data availability) and Nuffle Fast Finality Layer to enable multi-chain messaging.
Notably, Wormhole has already partnered with Flow Traders, Securitize, Agora, and Infinex to integrate their technology. This further strengthens the company’s position in the market.
The implications of this partnership are far-reaching, as it will open up new avenues for cryptocurrency enthusiasts to engage in restaking activities across multiple blockchain networks.
Source: coinjournal.net
