As part of the association, Wanchain’s cross-chain bridges and Avalanche’s ecosystem of projects and applications will be linked. In particular, Avalanche will use Wanchain’s cross-chain blockchain infrastructure to create new value.
Wu, Head of Asia of Avalanche, said about the cooperation:
"Wanchain has been working for years developing cross-chain bridges while emphasizing high security standards and true decentralization. I'm inspired by their founder Jack, who leads a smart team to dive deep into cross-chain technology without distraction from the chaos of crypto market. We truly want to bring them into the Avalanche ecosystem to benefit all users."
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The companies have reported that the next phase of this collaboration consists of three parts: Avalanche will introduce the benefits of Wanchain’s decentralized cross-chain bridges to its ecosystem projects, Wanchain will create new use cases for cross-chain compatible tokens like wanXRP and wanLTC on Avalanche, and wanAVAX on other public blockchains and Avalanche and Wanchain will co-incubate promising new cross-chain DeFi projects.
It must be noted that Wanchain’s cross-chain infrastructure already supports Bitcoin, Ethereum, Wanchain, EOSIO, Binance Smart Chain, Litecoin, XRP Ledger, Moonriver and now Avalanche, apart from other tokens.