PLUTOS NETWORK PARTNERSHIP WITH PANDORA
Hello friends !! It’s Plutos time again. We’ll be looking at Plutos’ amazing partnership with Pandora !! Plutos will be embarking on a journey with Pandora to better the process of tokenization of real-world assets.
More about Pandora
Pandora seeks a world where real-world assets can be tokenized and traded without having to worry about border regulations or restrictions. It is to this end that they have created a platform where asset owners can convert their real-world illiquid assets to a liquid state. All of this can be done using their scalable, interoperable and high throughput infrastructure.
The use of existing blockchain infrastructure and the development of a middle-layer Pandora protocol on top of it are at the heart of Pandora’s activities. This middle layer will assist any real-world asset in becoming tokenized in NFT, which can then be used to trade from anywhere in the world.
The benefits of the partnership between Plutos Network and Pandora
Pandora essentially serves as a bridge between off-chain assets and the on-chain system, one that will aid in the development of Plutos Network into a fully-grown DeFi synthetic hub. This partnership will further Plutos’ aim of providing users with synthetic issuance and trading services for a wide variety of synthetic products that are long-term, lucrative, and disruptive to the traditional derivative market.
The Plutos team will be working with Pandora to develop a system for quick and easy integrations in leveraging real-world assets. Some of the key areas that this partnership will entail include:
- Plutos will use the Pandora Software Development Kit to tokenize real-world high-quality assets, allowing them to launch new markets for users to mint and trade in a more timely manner.
- Plutos Network will also incorporate the Pandora Protocol into its multi-chain architecture.
- As part of the agreement, tokenized real-world assets on Pandora will be traded on Plutos Network.
- Both parties will collaborate on the development of bridge modules to enable cross-chain asset wrapping and swapping between chains such as BSC, Polkadot, Polygon, Avalanche and others.
In conclusion,
Plutos Network is sure to witness speedy development in terms of their marketplace with the help of Pandora. Their toolkit and platform provide the perfect solution to offering a wide variety of synthetic assets.