Union Labs Plans Polygon-to-Cosmos Bridge with New AggLayer Integration
The new technology from Union Labs comes after the blockchain interoperability project raised $4 million in November.
Updated Apr 18, 2024, 11:00 a.m. Published Apr 18, 2024, 11:00 a.m.
Union Labs, a project focused on blockchain interoperability, plans to integrate with AggLayer, a decentralized service rolled out earlier this year by the developer Polygon Labs that allows for the sharing of liquidity among connected networks.
The deal is notable because it could deepen the links between Polygon, one of the biggest Ethereum scaling networks, and the Cosmos blockchain ecosystem and its Inter-Blockchain Communication Protocol (IBC), the ecosystem of interconnected blockchains which Union has been building upon.
"The integration will unlock greater liquidity access and movement between AggLayer-connected chains and IBC-enabled chains, ensuring a trustless, efficient and low-latency process," according to a press release.
Karel Kubat, founder of Union Labs, said the announcement marked "both projects' commitment to addressing the siloed nature of blockchains while upholding sovereignty."
Union Labs, which announced in November that it had raised $4 million, is planning its mainnet launch later this year.
Bradley Keoun
Bradley Keoun is CoinDesk's managing editor of tech & protocols, where he oversees a team of reporters covering blockchain technology, and previously ran the global crypto markets team. A two-time Loeb Awards finalist, he previously was chief global finance and economic correspondent for TheStreet and before that worked as an editor and reporter for Bloomberg News in New York and Mexico City, reporting on Wall Street, emerging markets and the energy industry. He started out as a police-beat reporter for the Gainesville Sun in Florida and later worked as a general-assignment reporter for the Chicago Tribune. Originally from Fort Wayne, Indiana, he double-majored in electrical engineering and classical studies as an undergraduate at Duke University and later obtained a master's in journalism from the University of Florida. He is currently based in Austin, Texas, and in his spare time plays guitar, sings in a choir and hikes in the Texas Hill Country. He owns less than $1,000 each of several cryptocurrencies.
