WAX, a blockchain built specifically for dApps, NFTs, virtual worlds, gaming, and collectibles, has announced an exciting new initiative. The platform plans to launch a token bridge to TON Network, a well-known social media forum operated by Telegram. The company took to social media to share the details of this endeavor.
In a recent blog post, WAX expressed its enthusiasm for this exclusive project and revealed that it will enhance its position in the bridge technology space. The platform has already established connections with other major players in the market, including Base, Polygon, Solana, and more.
WAX’s primary focus is to become the leading hub for offering seamless token transactions without any additional fees. As part of this unique initiative, WAX is partnering with TON Network, considering it a significant step forward. According to WAX, TON Network has been making significant strides in the Web3 sector and specializes in serving gamers, creators, and startups worldwide. TON Network, which was established in 2018, operates as a decentralized network that exclusively deals with smart contracts and decentralized applications.
The token bridge allows users to transact local TON coins across different blockchains. It offers a user-friendly, scalable, secure, and efficient multi-blockchain mechanism. Users will have the ability to bridge supported coins on WAX to TON and vice versa, opening up exciting possibilities for token utilization.
Tags: TON