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    Home » NFT News » WAX blockchain’s Cross Chain compatibility is apparently on the horizon

    WAX blockchain’s Cross Chain compatibility is apparently on the horizon

    By YoloDecember 1, 2021Updated:September 21, 20222 Mins Read

    The World Wide asset eXchange (WAX) is set to revolutionize the crypto universe with its cross-chain technology.

    Picture illustrating the logo of WAX
    WAX is also the most active Blockchain in the world.
    Image Credit: WAX

    What is Cross-Chain Technology?

    In layman terms, it is an emerging innovative solution to allow the transmission of information and assets between different blockchains. For eg, a transfer of data from an Ethereum network to a Bitcoin network.

    This technology will eliminate the existing incompatibility issue between different blockchains. Therefore, it will allow us to enjoy many benefits of cross-chain transactions. These include increased multi-token transactions due to multi-token wallet systems, enhanced security, reduced costs and improved speed and efficiency.

    WAX and cross-chain technology

    WAX very well understands all the untapped potential of cross-chain compatibility. So, to strengthen the user experience, the company is developing a method of linking various blockchains. Subsequently, it aims to build the biggest network of protocols that we ever witnessed.

    To achieve its goal, WAX is currently building a highly functional bridge to BSC (Binance Smart Chain). This channel will allow players to trade their NFTs irrespective of the token’s origin.

    In fact, WAX intends to demonstrate this new technology, through the upcoming P2E game – The Blockchain Brawlers.

    Picture depicting the game Blockchain Brawlers
    The first 100 will be up for auction on Binance. The remaining 300 are on WAX. There is no set price.
    Image Credit: Blockchain Brawlers/Twitter

    Moreover, the first 100 ” Founder Edition” NFT drops already launched on November 30 at BSC. But the full compatibility will arrive in early 2022. Ultimately, the players will be able to trade between the WAX and Binance blockchain networks

     


    All investment/financial opinions expressed by NFTevening.com are not recommendations.

    This article is educational material.

    As always, make your own research prior to making any kind of investment.

    BinanceWAX blockchain
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