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Terra Network Boosted with Interchain Station Integration and New Partnerships

  • 17. January 2023 at 7:18

• The Terra Classic (LUNC) network recently integrated with Interchain Station to boost its price.
• The sudden collapse of Terra LUNA caused a cascade effect across the crypto industry, leading to the bankruptcy of several firms.
• Jared, lead developer at Terraform Labs, announced that the Terra Network will partner with other blockchains, including SEI, Juno, Osmosis, Mars, Pisco, and many more.

The blockchain network Terra recently suffered a collapse, causing a ripple effect throughout the crypto industry that led to the bankruptcy of several firms. In an effort to revive the network, developers have implemented a number of reforms. One of the most recent reforms was the integration of the Terra Classic (LUNC) network with Interchain Station. This news boosted the price of LUNC and provided some hope for the network’s recovery.

Lead developer at Terraform Labs, Jared, announced that the Terra Network was going to partner with a number of other blockchains to provide cross-chain communication and protection. These blockchains include SEI, Juno, Osmosis, Mars, Pisco, and many more. He also stated that the team was working on launching the wallet on mobile devices.

Despite the integration and reforms, there are still some unanswered questions surrounding the collapse of Terra LUNA. Many believe that it was a rug pull scheme by Do Kwon, founder of Terraform Labs, which was used to steal people’s money. Do Kwon and other executives are currently being sought by South Korean prosecutors.

The integration of Interchain Station and the announcement of partnerships with other blockchains is a step in the right direction for the Terra Classic network. It is hoped that these reforms will help to restore the network and help investors recover from the losses they incurred from the Terra implosion. As the team continues to work on launching their wallet on mobile devices, we can expect to see more features and integrations that will help protect the network and ensure its longevity.