Cross-chain collaboration platform Wanchain (WAN) will integrate with the EOS platform later this year, the team has announced.
In its Q1 Community Conference Call, Oliver Birch, Wanchain’s Vice-President of Communications and Growth, said the project would bridge with EOS sometime in the next quarter. He highlighted that the large and active EOS community, as well as its past performance, made it a clear candidate for integration with Wanchain.
Wanchain provides cross-chain compatibility by creating ‘wrapped’ tokens that can be traded on other blockchains. The project bridged the Bitcoin (BTC) and Ethereum (ETH) platforms in September 2018, as Crypto Briefing reported at the time. After fourteen months of operations, according to Wanchain’s global marketing director, Dan Reecer, the project now has 70 members of staff, 40 of them being developers.
Along with a new collaboration with EOS, Wanchain also said they would support more ERC20 tokens. Two stablecoins, TrueUSD (TUSD) and USDC, will be added as well as Basic Attention Token (BAT).
Wanchain raised $36M in an ICO in late 2017. CEO Jack Lu admitted they had been affected by the bear market but still had enough funds to continue funding development for another five years. “We will be here long-term,” he said.
This news is breaking and will be updated.
The author is invested in digital assets, including BTC, ETH and BAT which are mentioned in this article.
Crypto Briefing’s CEO is an advisor to Wanchain, and was not involved in creating this article.