Near Protocol and Cosmos Align with Octopus Network’s Adaptive IBC Vision

Near Protocol and Cosmos are collaborating with Octopus Network to advance the vision of Adaptive IBC (Inter-Blockchain Communication). This technology aims to bring together the fragmented blockchain ecosystem and revolutionize the industry. Octopus Network, built on the NEAR Protocol, is leading this initiative by creating appchains that align with the Cosmos network. With Octopus Network’s “Fat Hub Thesis,” appchains connect to NEAR for shared security and liquidity aggregation, streamlining development and promoting interoperability. Octopus Network’s dedication to expanding Substrate and Cosmos SDK chains, as well as the implementation of NEAR IBC, marks significant progress in achieving seamless cross-chain connectivity. Additionally, Octopus Network plans to introduce IBC application protocols like Interchain NFT and Interchain Account, solidifying its role in blockchain interoperability. Adaptive IBC, a key component of Octopus Network’s strategy, offers a scalable solution by adapting to different verification methods of non-Cosmos SDK blockchains. This innovative approach overcomes traditional constraints and enhances the security and efficiency of interchain transactions. Octopus Network’s work on Adaptive IBC positions them as pioneers in the field of blockchain interoperability, contributing to a connected and inclusive Internet of Blockchains.