SINGAPORE, SINGAPORE: 9 Jan, 2023 — Algo Foundry and Algomint are proud to jointly announce our collaboration to bring another avenue for bridging ETH & BTC assets between Algorand and Ethereum. This partnership combines the expertise and resources of both protocols to address the needs of the Algorand community and ecosystem.
As part of the collaboration, Algo Foundry and Algomint have launched GoETH/WETH and GoBTC/WBTC pools on the Messina bridge. The Messina Bridge offers a range of benefits to users including full transparency, seamless transfer of assets cross-chain, and no liquidity fragmentation. Additionally, Messina features a liquidity pool model where native assets are used on each chain and no KYC, making it a truly innovative offering in the market.
“We are excited to be working with Algomint on this innovative new offering,” said Jonathan Kay, CEO of Algo Foundry. “They are a first mover in Algorand and we are confident that this collaboration will lead to further growth for the ecosystem in 2023 and beyond.”
“We look forward to collaborating with Algo Foundry to service the Algorand community, enabling users to bring WBTC and WETH — the popular ERC20 tokens — to Algorand, and gain instant utility with goBTC and goETH. We share the common vision of a global open economy enabled by blockchain interoperability. “ said Misa Zhang, CEO of Algomint.
We dream of a future where information and value can be easily accessed anywhere. Messina uses the latest advancements in cryptography research so Web3 users can get the best out of every blockchain without compromise and navigate them seamlessly. Through Dapps that are simple and intuitive, we enable interoperability.
Algomint empowers the next generation of DeFi by bridging and basketing like-for-like assets including BTC, ETH, USD, and GOLD on Algorand, a FutureFi blockchain protocol with robust technology and pure proof-of-stake consensus mechanism to deliver high speed and low cost transactions. Algomint is built by Meld Ventures founders Michael Cotton and AJ Milne, who aspire to create a decentralised future of financial inclusion and freedom.