[Singapore] Neo, an open-source, community-driven blockchain platform for developers to build the Smart Economy, is pleased to announce the launch of O3 Swap on the Neo N3 blockchain. This move will facilitate seamless token swaps between Neo and the other mainstream EVM chains already supported by O3 Swap, including Ethereum, BNB Chain, Arbitrum, Polygon, and more.
O3 Swap will act as a liquidity gateway to allow users to easily allocate digital assets across Neo and other O3-supported blockchains. With just a few clicks, users can frictionlessly navigate the Neo ecosystem and leverage the interoperability that O3 Swap provides, enabling streamlined asset management and expanded investment opportunities for users.
O3 Labs, the developer community behind O3 Swap, originated on the Neo legacy platform, where O3 Labs built its first wallet. Since then, O3 Labs has grown exponentially, becoming a significant cross-chain liquidity solution. This integration marks a new milestone in the strategic partnership between Neo and O3 – bringing increased liquidity, accessibility, and flexibility to NEO token holders and giving O3 Labs access to an expanded user base in the Neo ecosystem.
This move further strengthens Neo's comprehensive ecosystem – which already boasts successful DeFi projects such as Flamingo Finance and Forthewin Network – by fostering liquidity and bolstering the ecosystem's growth and prosperity.
John Wang, Director of Neo Ecosystem Growth, commented on the integration and its impact on the Neo ecosystem, "We applaud the success of O3 Labs, a project that originated on Neo’s legacy platform and has grown to contribute to the broader blockchain industry, and now has come full circle to become a valued part of the Neo N3 ecosystem. This next stage in our partnership exemplifies the collaborative and supportive spirit at the heart of Neo, and is another important step towards our long-term vision. As an industry pioneer with both staying power and a track record of continued innovation and evolution, Neo continues to deliver unwavering support to our ecosystem’s projects, nurturing prosperity for these projects and for the blockchain industry as a whole."
An O3 Labs spokesperson explained the benefits of expanding functionality on Neo, “O3 Labs is returning to its roots on Neo, to an audience and ecosystem that we're extremely familiar with. We plan to take full advantage of our network within the Neo ecosystem to market and spread liquidity to all of the biggest players in the space."
To mark this significant milestone and to spread the news, Neo and O3 Swap have planned an array of community engagement events with generous rewards. Stay up to date with all of the latest developments by following Neo and O3 Swap on Twitter.
