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The Cosmos and Ethereum blockchains' bridge, Evmos, is partnering with cryptocurrency custody provider Anchorage Digital to provide accessibility to and staking of its native token, EVMOS. The collaboration intends to increase institutional acceptance of the inter-blockchain communication protocol by making it accessible to investors. https://twitter.com/Anchorage/status/1590391138950651904
Evmos - EVM-compatible blockchain
Evmos is an EVM-compatible blockchain in the Cosmos environment. The technology that powers smart contracts on Ethereum is known as the Ethereum Virtual Machine (EVM). Developers may introduce dapps that are compatible with the Ethereum and Cosmos ecosystems due to EVM's interoperability. This comes after news last week that a Polychain Capital-led token sale raised $27 million for the EVM-compatible blockchain. The money is intended to be used for both the development of decentralized applications (dapps) on Evmos and for recruiting more developers.
Integration of Ethereum into Cosmos
Akash Kholsa, a co-founder of the EVM-compatible blockchain, stated In an interview that integrating Ethereum into Cosmos is part of the organization's objective. However, another aspect is to improve the capabilities of what people can accomplish using Ethereum-based apps. Diogo Monica, president and co-founder of Anchorage Digital, stated that the company saw significant interest in Cosmos' ecosystem securities and compatibility networks like Evmos, where staking early counts. Cross-chain networks like the EVM-compatible blockchain are becoming more crucial as the ecosystem for digital assets develops because they make it simpler to trade and interact across various blockchains.