Union Labs Plans Polygon-to-Cosmos Bridge with New AggLayer Integration

Union Labs, a venture centered on blockchain interoperability, plans to combine with AggLayer, a decentralized service rolled out earlier this 12 months by the developer Polygon Labs that enables for the sharing of liquidity amongst related networks.

The deal is notable as a result of it may deepen the hyperlinks between Polygon, one of many greatest Ethereum scaling networks, and the Cosmos blockchain ecosystem and its Inter-Blockchain Communication Protocol (IBC), the ecosystem of interconnected blockchains which Union has been constructing upon.

“The mixing will unlock better liquidity entry and motion between AggLayer-connected chains and IBC-enabled chains, making certain a trustless, environment friendly and low-latency course of,” based on a press launch.

Karel Kubat, founding father of Union Labs, stated the announcement marked “each initiatives’ dedication to addressing the siloed nature of blockchains whereas upholding sovereignty.”

Union Labs, which introduced in November that it had raised $4 million, is planning its mainnet launch later this 12 months.