DEVxDAO gives Ferrum Network a Grant to Build Casper Network Bridge

December 29, 2021 - Around 4 mins mins to read

DEVxDAO has approved a sizeable grant that will allow Ferrum to integrate Ferrum’s Cross-Chain Token Bridge and other products with Casper Network.

DEVxDAO is an independent group of developers and builders that work tirelessly for the decentralization of communication, governance, and infrastructure. The DEVxDAO is the beneficiary of a generous endowment from the Casper Association, the DEVxDAO uses that endowment to give grants that serve decentralization.

Ferrum Network is a cross-chain Blockchain as a Service DeFi company that specializes in adding deflationary token utility and advisory services to projects across the crypto space. With the mission of breaking down barriers to mass adoption in mind, Ferrum builds white-label blockchain solutions that empower startups and established organizations, enabling them to get their core products to market faster.

The Casper Network is the first live proof-of-stake blockchain built off the Casper CBC specification. Casper is designed to accelerate enterprise and developer adoption of blockchain technology today and evolve to meet user needs in the future.

What does this grant entail?

Ferrum is constantly striving to stay ahead of the curve when it comes to not only market trends but the future of scalable and interoperable networks.

“At Ferrum, our mission is to ‘break down barriers to mass adoption’. Casper’s ‘enterprise optimized’ and ‘future-proof’ approach to encouraging adoption was directly in line with our ethos. We’re extremely grateful for the opportunity to bridge Casper to the rest of the cryptosphere and could not be more excited to be working alongside such an incredibly innovative team.” — Nick Odio EVP of Strategic Partnerships and Growth at Ferrum Network

Integration of Cross-Chain Token Bridge

Ferrum will be integrating the Casper network with the Ferrum Cross-Chain Token Bridge. As Ferrum continues to add more and more networks to the bridge, the prioritization of Casper seemed like the logical next step in fulfilling their mission of making Ferrum the cross-chain powerhouse that they envision. They look forward to being a catalyst for porting liquidity to the Casper ecosystem.

“Casper and Ferrum share a common objective to break down barriers to mass adoption of Web3 by accelerating enterprise and developer deployment of future-proof, decentralized technologies.” — Ralf Kubli of the Casper Association.

Integration of White Label Staking as a Service Products

Ferrum’s bread and butter have always been their tried and true Staking as a Service solution. That being said, they’ve been primarily focused on projects within the Ethereum, BSC, and Polygon ecosystems. With this integration, Ferrum hopes to not only provide these incredible products to projects already building on Casper but they aim to encourage more developers and dApps to make Casper their home.

Casper to Join the Iron Alliance

They are thrilled to onboard Casper into the Iron Alliance. Very few ecosystems in the industry provide as much value to their constituents as the Iron Alliance. The Iron Alliance is a cohesive collection of projects, always seeking to better the landscape of decentralized protocols.

Looking Ahead

Currently, on Ferrum’s roadmap, there are a number of products that are in the works. From Reflection Staking to their gamified Leaderboard to our Cross-Chain Infinity DEX. These are all products that could be of tremendous value to Casper and those projects choosing to build there.

Ferrum looks forward to beginning their journey with Casper and believes that this will end up being a long-lasting and fruitful relationship. They will keep the community updated as they work on this integration over the coming months.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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