Axelar, Mysten Labs partner on cross-chain communication for super dApps

cointelegraph.com:

The Proof-of-Stake (PoS) blockchain Axelar and infrastructure company behind Sui blockchain, Mysten Labs, disclosed a partnership on Tuesday to deliver cross-chain communication for developers through General Message Passing, aiming to advance the prospect of a "super dApp". Integration is expected to be completed before the end of the year.

The collaboration will enable dApps built in Move — Mysten's programming language — to call any function on any external chain. According to the companies, developers will be able to provide users with the ability to “'tap in' with whatever token, wallet, and blockchain they desire, with no need to bridge or swap to access features", stating that use cases range from incorporating liquidity into Web3 games to leveraging digital assets as collateral for multichain lending and borrowing.

Speaking to Cointelegraph, Sergey Gorbunov, Axelar CEO and co-founder, explained:

Cross-chain technology facilitates data interchange among distributed ledger technology (DLT) designs or external systems, thus helping in achieving interoperability, which can improve security of designs, boost flexibility and performance. In a nutshell, cross-chain communication eliminates the need for developers to consider which chain has the most users or the most liquidity. 

Gorbunov claimed that the partnership will also accelerate the migration of developers from Web2 industry to blockchain, as it allows them to connect features to their applications from other blockchains and assets to the Sui network. Web3 development saw an unprecedented growth in the crypto space last year, with over 34,000 new developers contributing to code Web3 projects.

The Axelar Network achieved unicorn status in February after closing a $35