Integration of the OMG Network decentralized exchange (DEX) within Status will enable interoperability and transactions across multiple blockchains.
Today, we are proud to announce our partnership with OmiseGO — one of the leaders in interoperability, on chain and cross chain transactions, and Plasma scalability research. Status has always had a close relationship with Jun and the OmiseGO team through various research projects and most recently connecting through the Ethereum Community Fund. We are excited to turn this working relationship into a long lasting partnership. The partnership will see Status work closely with the OmiseGO team to ensure seamless integration of their decentralized exchange (DEX) as well as collaboration in scalability research. This partnership extends well past the immediate product feature benefits and looks ahead to the advancement of the web3 ecosystem.Status and OmiseGO share a common vision to make the world a more open and equitable place through easy access to the Ethereum public blockchain. While OmiseGO focuses on building open infrastructure and open financial tools, Status focuses on putting these tools into the hands and pockets of people around the world. We believe that accessibility to such decentralized exchanges will help force the shift away from incumbent social systems towards the use of cryptocurrencies and a viable global economy.
“The mission of OMG is to put the capabilities of crypto to work for the needs of the real world; Status brings great value to the OMG Network with a multifaceted user-facing platform leveraging OMG’s back-end infrastructure. This partnership is a step forward for our respective projects, the community and the blockchain industry.” — Jun Hasegawa
This partnership represents a world of opportunities for Status and the growing community of users. The OMG Network is nearing the initial release of their decentralized exchange — a scalable and secure Proof-of-Stake network on which any form of digital asset can be traded. The DEX will enable interoperability for fully on-chain and cross-chain transactions including Bitcoin (or Bitcoin-like blockchains) and other blockchain platforms through clearinghouses in state channels or smart contracts. It also enables transaction with digital fiat platforms and economies through collateralized fiat tokens. We will be working hands on with the OmiseGO team to ensure clean integration and optimization of this exchange within Status.Status will also be integrating the OmiseGO SDK into the native wallet in order to access the DEX. The partnership will allow cross collaboration between the teams to not only ensure this integration happens smoothly, but also for an immediate source of users and user feedback for the OMG Network.Status enabled mainnet by default in the beta release– 0.9.21 and we have experienced a growing number of messaging and transacting users within the product. This was a large step forward for the team and growing community of contributors and we foresee the partnership with OmiseGO as another step in the right direction towards decentralization. Once integration with the OMG Network is complete, we foresee the metrics around transacting users to increase yet again–and this time using more than ETH and ERC20 tokens.