Omnity partners with Osmosis to enhance Internet Computer in Cosmos

On September 18, 2024, in Zurich, Switzerland, Omnity Network announced a strategic partnership with Osmosis, aiming to enhance the Internet Computer's integration within the Cosmos ecosystem. This collaboration will facilitate the bridging of Chain-Key Bitcoin (ckBTC), a non-custodial Bitcoin token, to Cosmos via Osmosis, creating a robust solution for Bitcoin integration. The partnership is expected to significantly increase the existing $16 million in BTC liquidity on Osmosis, expanding the functionality and reach of ckBTC. Omnity's cross-chain functionality is powered by its Chain Fusion technology, which allows smart contracts on the Internet Computer to interact directly with other blockchains. This capability positions Omnity as a Bitcoin Asset Hub, enabling seamless transactions between ckBTC and various blockchain networks. The integration is designed to provide low fees and fast transaction finality, enhancing user experience. Sunny Aggarwal, Co-Founder of Osmosis, emphasized the importance of this partnership in supporting Bitcoin's utility and interoperability within the decentralized finance (DeFi) ecosystem. The collaboration aims to unify Bitcoin liquidity across different platforms, allowing users to leverage their BTC beyond mere holding. Overall, this partnership marks a significant step towards enhancing cross-chain interactions and liquidity between the Internet Computer and Cosmos, paving the way for increased Bitcoin utility and a more interconnected blockchain landscape.