Babylon Genesis" mainnet was released. At the same time, Babylon Genesis will be a global Web3 interoperability platform.
The company is promoting integration with Axelar, a blockchain-based blockchain platform, to provide a bridge connecting the Babylon Genesis ecosystem and its native token, BABY, to Web3 networks around the world.
"We're pleased to partner with Babylon Labs to bring these technologies to market," said Clayton Menzel, director of business development at Babylon Labs.
"By integrating with Axelar, Babylon Genesis will be accessible across 70+ blockchains," said Menzel.
"This marks a critical turning point for Bitcoin to become the secure foundation of a decentralized ecosystem. Developers and users will be able to use the Bitcoin staking protocol to
"By leveraging these two chains, we can enjoy benefits beyond a single chain," he said. Babylon Genesis aims to maintain Bitcoin's self-custody model while also providing a high level of
It constitutes a new market for Proof of Stake (PoS) networks that demand high security. It integrates the ecosystem around the BABY token and provides a highly transparent governance.
Babylon Genesis provides rewards to early participants and key contributors through a nonce structure. Babylon Genesis brings Bitcoin's stability and liquidity into the broader cryptocurrency ecosystem, decentralizing it.
Georgios, co-founder of Axelar and director of the Axelar Foundation, said, “This is a game changer for centralized finance (DeFi).
"Recognition of Bitcoin as an institutional asset will allow it to go beyond being merely a store of value and become a platform for on-chain innovation," Vlakos said.
"This integration will allow developers to freely build cross-chain applications and validate them on Bitcoin's first distributed ledger," he said.
"Axelar is a decentralized and open-source interoperability platform and a member of the Babylon Group.
It is an ideal bridge for Nesis's BABY token. Currently, Axelar has a cumulative cross-chain transaction volume of over $11 billion, connectivity with over 70 chains, and
It provides a stable and proven infrastructure through services such as the Interchain Token Service (ITS), which simplifies blockchain token management.
This will allow BABY tokens to be used in a wide range of applications, and we hope to incorporate Bitcoin staking into our applications.
Developers can take advantage of the following development tools: Babylon Genesis and Axelar are working together to enable developers, institutions, and users to accelerate cross-chain innovation for Bitcoin.
We share a common goal: to help people realize the full potential of their blockchain applications. Currently, we have many members of the Babylon ecosystem, including EtherFi, Kinza, Lorenzo, and Tower.
Several teams within the company are preparing to integrate with Axelar, and related bridge paths will be opened sequentially within the next few days.
2025/04/11 11:25 KST
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