Ferrum Network

FRMx Token

<p>Dear Ferrum Community,</p><p>It is with great pleasure that we are able to say that we are the proud recipients of a grant from the Cudos Foundation. After much deliberation, the team at Cudos, have put their faith in Ferrum.</p><h3 id="what-does-this-grant-entail">What does this grant entail?</h3><p>At Ferrum, we are constantly striving to stay ahead of the curve regarding market trends and the future of scalable and interoperable networks.</p><h4>Integration of Cudos with MultiSwap</h4><p>Ferrum will be integrating the Cudos network with our new multichain DEX aggregator, MultiSwap. By integrating MultiSwap with the Cudos blockchain, Ferrum will:</p><ul><li>Drive TVL (Total Value Locked) on the network</li><li>Reduce layers of friction between new users and the network</li><li>Make assets on Cudos more composable</li><li>Increase volume on the network</li></ul><blockquote>“We are excited to welcome the Ferrum Network into our grant program and firmly believe that this will be a beneficial collaboration both for the Cudos Foundation and Cudos Blockchain as a whole.</blockquote><blockquote>The first step in the process is to ensure that Cudos is securely and effectively connected, hitting all key milestones along the way. We look forward to future developments alongside the Ferrum Team! ”</blockquote><blockquote>— Lee Woodham, Chairman of Cudos Foundation and COO of CudoVentures.</blockquote><h4>MultiSwap Becomes First CosmWasm Compatible Interoperability Protocol</h4><p>Cudos will become the first network within the Cosmos ecosystem that we will be integrating and will provide the building blocks to do so for others in the future. To our knowledge, MultiSwap will be the first CosmWasm-compatible interoperability protocol on the market, and we thank Cudos for giving us the opportunity!”</p><p><strong>Why CosmWasm Over IBC?</strong></p><blockquote>“Initially, we thought IBC would be the obvious choice for integrating MultiSwap with the Cosmos ecosystem. However, R&amp;D revealed that the architecture shared in the cosmos IBC whitepaper isn’t fully implemented yet. It would require significant effort to enhance IBC in order to meet the needs of MultiSwap. While some teams are attempting to enhance and integrate IBC, we opted to support CosmWasm as it is already in line with the needs of MultiSwap. CosmWasm utilizes a battle-tested architectural approach, allowing Ferrum to support a community where no significant multichain solutions currently exist.”</blockquote><blockquote>— <a href="https://medium.com/u/a33b495f575a" rel="noopener noreferrer nofollow">Taha Abbasi</a>, CSO at Ferrum Network</blockquote><h4>Cudos to Join the Iron Alliance</h4><p>We are thrilled to onboard Cudos into the <a href="https://ferrum.network/iron-alliance/" rel="noopener noreferrer nofollow">Iron Alliance</a>. Very few ecosystems in the industry provide as much value to its constituents as the Iron Alliance. The Iron Alliance is a cohesive collective of projects, always seeking to better the landscape of decentralized protocols. We are fortunate to gain such a benevolent project such as Cudos and we look forward to seeing the value that the Alliance returns to Cudos.</p><h3 id="in-conclusion">In Conclusion</h3><p>We look forward to beginning our journey with Cudos and believe this will be a long-lasting and fruitful relationship. We will keep the community updated as we work on this integration over the coming months. Thank you to the Cudos Foundation for the opportunity and the Ferrum Community for all of your unwavering support!</p><p>Stay tuned!</p><p>Very truly yours,</p><p><em>The Ferrum Network Team</em></p><h4>About Cudos</h4><p>The Cudos Network is a layer 1 blockchain and layer 2 computation and oracle network being<strong> </strong>designed to ensure decentralized, permissionless access to high-performance computing at scale and enable scaling of computing resources to 100,000’s of nodes. Once bridged onto Ethereum, Algorand, Polkadot, and Cosmos, Cudos will enable scalable compute and Layer 2 Oracles on all of the bridged blockchains.</p><h4>Cudos Foundation Imporatant Links</h4><p><a href="https://t.me/cudostelegram" rel="noopener noreferrer nofollow">Telegram</a> | <a href="https://twitter.com/CUDOS_" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://www.facebook.com/cudos.org" rel="noopener noreferrer nofollow">Facebook </a>| <a href="https://www.linkedin.com/company/cudos1/" rel="noopener noreferrer nofollow">Linkedin</a> | <a href="https://www.cudos.org/blog/" rel="noopener noreferrer nofollow">Blog</a></p><h4><strong>About Cudos Foundation</strong></h4><p>The <a href="https://cudos.foundation/grants/" rel="noopener noreferrer nofollow">Cudos Foundation</a>, was launched to serve as a catalyst for development and growth of the <a href="https://www.cudos.org/" rel="noopener noreferrer nofollow">Cudos blockchain network</a> in support of becoming the preeminent leader in decentralised cloud computing. With grant opportunities between $5,000 and $250,000, Foundation is known to show a particular interest in DeFi, NFT, metaverses, gaming, infrastructure tokenization, and mass adoption-focused tools and bridges, pioneering and expanding on idea of decentralized, permissionless access to high-performance computing at scale.</p><h4>Cudos Foundation Imporatant Links</h4><p><a href="https://www.cudos.foundation/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/CudosFoundation" rel="noopener noreferrer nofollow">Twitter</a> | <a href="https://t.me/cudostelegram" rel="noopener noreferrer nofollow">Telegram</a> | <a href="https://www.youtube.com/c/CUDOS" rel="noopener noreferrer nofollow">YouTube</a> | <a href="https://discord.com/invite/cudos" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://medium.com/cudos" rel="noopener noreferrer nofollow">Medium</a> | <a href="https://anchor.fm/cudoscast-cudos" rel="noopener noreferrer nofollow">Podcast</a></p><h4>Ferrum Network Important Links</h4><p><a href="https://ferrum.network/" rel="noopener noreferrer nofollow">Website</a> | Telegram | <a href="https://twitter.com/FerrumNetwork" rel="noopener noreferrer nofollow">Twitter</a> |<a href="https://www.youtube.com/channel/UCN658dMRTaH4C4dP32VHi6Q" rel="noopener noreferrer nofollow"> YouTube</a> | <a href="https://discord.gg/HEfKq57asd" rel="noopener noreferrer nofollow">Discord</a></p>

Ferrum Receives Grant from Cudos Foundation to Integrate MultiSwap

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