CTSI Surges as Community Teases Rebranding; Axelar Partners With Microsoft to Connect Dapps to Azure
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Daily Hot Token — Cartesi (CTSI)
U.S. equities surged as the small-cap continued with its winning streak. The broader cryptocurrency rebounded slightly, and Bitcoin stayed above $30k. The top mover for today is CTSI, which has gained more than 8.6% in the past 24 hours as the team behind teases a rejuvenation of the branding.
Cartesi is a Layer 2 Optimistic rollup that aims to address scalability issues facing the majority of the Layer 1 blockchain. It sets itself apart from competitors by using the programming language Linux, which was adopted by a high proportion of the world’s tech. Layer 2 landscape has faced strong competition, and Cartesi has been unable to stand out among similar solutions. The recent outperformance comes as the team teases a rebranding. While the details have not been unveiled, the excitement has sent the token to outperform the market.
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Talk of the Town
Axelar, a cross-chain protocol, has partnered with Microsoft Azure to develop a tool that enables businesses and users to connect with decentralized applications (dapps) across Microsoft's cloud platform. The tool will allow developers to access an Axelar-based blockchain tool that connects dapps to networks, services and developer tools via the AxelarJS software library. This will enable them to automate multichain deployments for Web3 products and integrate applications independent of the blockchains or databases that host them. Axelar has also announced plans to connect private and public blockchains that use OpenAI services to create Web3 products as part of its future plans with Microsoft. This development is expected to offer developers and organizations more options for creating interoperable and decentralized applications on the blockchain.
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