🚨 Get Your Free NFT Certificate Mint by Completing the Web3 Exam! START NOW
My Learnlist: Coming Soon!
My Learnlist: Coming Soon!

Learn by real-life examples: Select, Track & Understand any cryptos with the unique Learnlist feature!

Notify Me!
Portfolio: Coming Soon!
Portfolio: Coming Soon!

Set your wallet & get powerful insights backed by data. Easily learn how to use it for your highest rewards!

Notify Me!

Umbria’s Narni Bridge Launched on the Avalanche Blockchain

Umbria’s Narni Bridge Launched on the Avalanche Blockchain

The eco-friendly smart network platform Avalanche now supports a third-party cross-chain bridge by Umbria Network.

Since the launch of its Ethereum bridge in 2021, the Avalanche Network was able to complete transfers between the Ethereum (ERC-20 tokens) and NFT (ERC-721) blockchains, and has now paved the way for third-party bridges to enter the network.

The introduction of Narni will enable much faster and cheaper transactions between the two blockchains in comparison with Avalanche’s bridge. According to the official post, the Narni bridge boasts 90% smaller gas fees, and five times faster transactions. 

What is a Perpetual Contract in Crypto? (Definition + Example)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

What is a Perpetual Contract in Crypto? (Definition + Example)

What is a Perpetual Contract in Crypto? (Definition + Example) What is a Perpetual Contract in Crypto? (Definition + Example)

With Narni already on board, the Layer 1 blockchain network seeks to expand its third-party bridge collection. Avalanche’s WASM and EVM virtual machine support will make way for other sub-chains to operate under the network.

Avalanche is an open-source Proof-of-Stake (PoS) platform that operates under smart contracts, and can run various blockchain networks and dApps. It has its own native token AVAX which has seen exponential growth over the past year, and currently sits at an average price of $92.92.

Umbria is a DeFi protocol that can run dApss on the Ethereum blockchain. Its Narni bridge enables much faster and cheaper cross-chain transactions, currently offering a 4 minute average transaction time, and approximate cost of $4 to $9 per transfer.

Aaron S., Editor-In-Chief
Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.



Earn Huge Exclusive Binance Learners Rewards