Polygon Village

Dec 15, 2022

Breakthrough year for Umbria and its Narni cross-chain bridge December 15, 2022 08:23 ET London, UNITED KINGDOM London, UK, Dec. 15, 2022 (GLOBE NEWSWIRE) -- Umbria Network reveals highlights from 2022 including new products, bridges and partnerships; milestones achieved and expansion within the Web3 ecosystem. In addition to the recently reported 1000% increase in transactions on its cross-chain bridge platform, Umbria Network ( https://umbria.network ) has seen a broad range of landmarks across the year. Since the start of January 2022, a total of 7420 ETH has been transferred from one blockchain to another using the protocol’s Narni bridge with the biggest single transaction being 99.999 ETH. The platform currently has over 2000 liquidity providers in the system with approximately 800 individual wallets staking Umbria’s governance token $UMBR. Development  This year a further five cross-chain bridges (in addition to the existing Polygon bridge) have been launched. These facilitate the fastest and cheapest cryptocurrency asset transfers between the Ethereum blockchain and BNB Chain, Fantom, Optimism, Avalanche and Arbitrum networks. Umbria has also been admitted to Polygon’s Accelerator Program - the Polygon Ecosystem DAO’s “Polygon Village” - an initiative designed to assist developers in growing their projects. Full details here . In Q2 Umbria released its bridge widget v2, which allows any platform to integrate the superior, seamless bridging experience of Narni quickly and easily into their site. This was followed by the launch of an associated referral program that enables partner projects to earn 0.1% of all bridging volume that comes through their integrated widget. Q3 saw the announcement of the ‘Sweep to Umbria’ function. Users of the feature can convert very small balances of crypto that they have in their wallet (such as USDC, USDT, ETH, WBTC and Matic) into $UMBR to make them viable. Partnerships  In 2022 the protocol joined the Arbitrum One Portal, Fantom Foundation , Optimism and DappRadar  ecosystems and kickstarted its partnership endeavour with The Red Village, the leading Dark-Fantasy franchise in the metaverse. It subsequently added a further 30-plus partners over the course of the year ranging from DEXes, DeFi protocols and P2E games to art and music NFT projects and crypto resource and aggregator platforms. Events  Umbria took part in many marketing events with leading blockchains to showcase the project. These included an Optimism Demo Day and AMAs with Polygon , Arbitrum and Fantom Foundation ’s CEO Michael Kong (where 3.2k tuned in). It also hosted numerous Twitter Spaces with partner projects, sponsored its first charity event in the metaverse and took part in a range of dedicated interviews. Other achievements in 2022: Successfully verified for CoinMarketCap’s Community channel making it an early adopter of this new social feature