Introduction
Picasso is a cross-ecosystem network supporting Inter-Blockchain Communication (IBC), designed to enable secure interoperability between diverse blockchain ecosystems like Polkadot, Cosmos, and now Solana. Its native token, $PICA, serves as a unified network asset across multiple Layer 1 blockchains. Recently, Picasso introduced restaking to Solana, allowing users to stake SOL, jitoSOL, and LP tokens to support Solana’s IBC validators.
Key Features
1. Cross-Ecosystem IBC Integration
Picasso bridges Solana, Ethereum, and other chains via IBC, enabling trustless communication without intermediaries.
👉 Explore how IBC transforms cross-chain interoperability
2. Restaking on Solana
Users can stake Solana assets to:
- Secure IBC validators.
- Earn rewards while enhancing network liquidity.
3. Dual-Token Ecosystem
- **$PICA**: Core utility token (38B circulating supply; $87M market cap).
- $LAYR: Upcoming token (100M total supply) tied to Composable Finance’s ecosystem.
Team & Backing
- CEO: @0xbrainjar (blockchain industry veteran).
- Investors: Coinbase, Spartan Group, GSR, Blockchain Capital.
How to Participate
- Complete tasks on Picasso’s official portal.
- Earn potential $PICA** and **$LAYR airdrops.
FAQs
Q: What makes Picasso unique?
A: Its IBC integration for Solana/Ethereum and dual-token model for scalable interoperability.
Q: How does restaking work?
A: Users stake SOL/jitoSOL to validate cross-chain transactions, earning rewards.
Q: Where can I trade $PICA?
A: Currently on Osmosis and Gate.io—potential for major exchange listings.
👉 Learn more about Solana’s restaking revolution
Conclusion
Picasso merges restaking with cross-chain IBC, positioning Solana as a hub for secure, interconnected ecosystems. With strong backing and a clear roadmap, $PICA is a token to watch.
### SEO Keywords:
1. Picasso Network
2. Solana restaking
3. IBC interoperability
4. $PICA token
5. Cross-chain staking
6. Composable Finance
7. Dual-token ecosystem
8. Blockchain interoperability