WAX, a blockchain platform dedicated to dApps, NFTs, virtual worlds, gaming, and collectibles, has announced a new initiative that aims to create a token bridge to TON Network, a popular social media forum operated by Telegram. The company took to social media to share the details of this venture.
In a recent blog post, WAX expressed its excitement about this exclusive project and highlighted that it will enhance its position in the field of bridge technology. The platform also mentioned its existing partnerships with other prominent players in the market including Base, Polygon, and Solana.
Additionally, WAX is focused on becoming the leading hub for offering seamless token transactions without any additional fees. To achieve this goal, the platform has partnered with TON Network, considering it a significant step forward. According to WAX, TON Network, which has been actively involved in the Web3 sector, specializes in serving gamers, creators, and startups worldwide. Established in 2018, TON Network operates as a decentralized network that focuses on smart contracts and decentralized applications.
The token bridge developed by WAX and TON Network enables users to seamlessly transact local TON coins across different blockchains. This multi-blockchain mechanism offers user-friendly, scalable, secure, and efficient operations. With the bridge, users will have the ability to bridge supported coins between WAX and TON, opening up new possibilities for token usage.
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