Axelar Launches Interchain Token Service $AXL

Axelar has launched the Interchain Token Service (ITS), a solution designed to enhance the interoperability of ERC-20 tokens across all Ethereum Virtual Machine (EVM)-compatible chains. Among the early adopters of this service is Sushi, a decentralized exchange (DEX), aiming to use the ITS to foster seamless interactions of its native SUSHI token across multiple blockchain networks.

Timeline of Axelar

Microsoft is partnering with Axelar to offer new blockchain-based interoperability solutions and to make artificial intelligence (AI) more widespread, through the Azure marketplace.

Axelar (CRYPTO: AXL), a cross-chain protocol, has set its sights on developing a blockchain-driven tool designed to provide businesses and users easy access to decentralized applications (dapps) on Microsoft Corp.'s (NASDAQ: MSFT) Azure cloud platform. Quoting an Axelar representative, Coindesk reported the current marketplace offers limited avenues for developers and organizations interested in enabling seamless user interoperability across a variety of blockchain ecosystems.

Axelar, a cross-chain protocol, and tech giant Microsoft recently announced a partnership aimed at bridging public and private blockchains. The collaboration involves Axelar joining Microsoft's Azure marketplace, marking it as the first cross-chain protocol to be listed on the popular developer's online store.

Tech giant Microsoft has announced a partnership with Axelar, the cross-chain protocol, to connect public and private blockchains. As Microsoft and Axelar work together on AI and hybrid blockchain projects, the former's Azure Marketplace will feature Axelar's data integration and interoperability solutions for blockchains.

Microsoft is teaming up with Axelar to build a data integration and interoperability layer. The companies say they hope to help deliver blockchain onramps, and also indicated a desire to “further advance the adoption of blockchain technologies.

Uniswap recently disclosed its preferred choice for handling non-Ethereum deployments in its cross-chain bridging operations: Wormhole and Axelar. These selections are the result of a comprehensive analysis conducted by Uniswap's Bridge Assessment Committee, which evaluated a range of potential protocols.

Remember that Celo is a platform that serves as a global payment infrastructure for cryptocurrencies, targeting mobile users. In fact, Celo's goal is to make financial activity accessible to everyone globally by allowing payments to be sent to and from any phone number in the world.

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Great news for the crypto Axelar (AXL), a cross-chain integration protocol that helps developers create dApps. Enable transactions between different crypto networks within a platform.

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