Cosmos (ATOM) brings IBC-enabled dApps to Avalanche
Cosmos IBC-enabled dApps are coming to Avalanche via the Landslide Network protocol.
Landslide will release the testnet on November 1st.
The development benefits both the Cosmos and Avalanche ecosystems.
Cosmos Hub (ATOM), Avalanche (AVAX) and more than 100 IBC-enabled chains are set to benefit from inter-blockchain communication through the Inter-Blockchain Communication (IBC) protocol integrated into the Avalanche Subnet Landslide Network.
The development was announced on Tuesday, October 31 by the Interchain Foundation (ICF). The landslide booster will go live on November 1, ICF said.
1/ ICF is excited to confirm that IBC is coming to Avalanche! @CosmosAVAX is developing an IBC Light client on Avalanche, paving the way for seamless interoperability between Avalanche, Cosmos Hub and 100+ other IBC enabled chains.
Yes @avax is joining #interchain pic.twitter.com/uRAowiUDgW
— Interchain Foundation (@interchain_io) October 31, 2023
Bringing IBC-compliant dApps to Avalanche
According to the Interchain Foundation, the Landslide team has partnered with software development firm Strangelove to develop an IBC light client on Avalanche.
Ava Labs said in a statement that the development will bring cross-chain communication to Avalanche via CosmWasm smart contracts. The co-creation from the new gateway will benefit both the Cosmos and Avalanche ecosystems.
“This initiative is set to transform the DeFi ecosystem by enabling IBC-compliant dApps to run seamlessly on the Avalanche network,” the Interchain Foundation posted on X.
Today's news comes as ATOM price rises to $8.15, the highest level since August 15th. Meanwhile, AVAX rose to $11.65 as bulls looked to recapture gains seen since Oct. 19.
