Crypto

Algorand Blockchain Now Supports Curvegrid NFT Bridge

The combination of the Algorand Foundation and Curvegrid will integrate the infrastructure technology of the latest MultiBaas NFT Bridge into the Algorand ecosystem (ALGO).

Curvegrid has partnered with the Algorand Foundation to share its MultiBaas NFT Bridge software on the latter’s blockchain network. Curvegrid is a Tokyo-based blockchain software company and MultiBaas is their first product.

The bridge allows developers, private or not, to rapidly prototype and build blockchain applications. One of their main goals is to create a world in which the blockchain is invisible and the technical details are hidden behind the scenes.

The Algorand Foundation is a pure Proof of Stake (PPoS) blockchain focused on the future of finance. A non-profit organization wants to create a borderless economy based on public and decentralized blockchain technology. The foundation is also committed to finding more environmentally friendly solutions to tackle blockchain problems.

Algorand and Curvegrid want to help digital artists

This connection will allow companies to create non-fungible tokens (NFT) and other blockchain technologies directly in their consumer applications. MultiBaas is software or middleware for dApps that helps them facilitate development on the blockchain.

It can move ERC-20, ERC-721 and ERC-1155 assets in two directions between Ethereum (ETH), Binance Smart Chain (BSC) and xDai. MultiBass can also integrate cross-chain functions of digital assets directly into various applications. These applications include Decentralized Finance (DeFi), Financial Services, NFT, Online Gaming, and Virtual Reality.

MultiBaas’ contribution to the Algorand blockchain will obviously enable developers to leverage all of the platform’s features, including transaction speed and carbon neutral networks. The PPoS protocol used by Algorand also ensures that there is no forking.

A warning

All information on our website is posted in good faith and for general information purposes only. Any action that the reader takes in relation to the information posted on our website is carried out solely at his own risk.

Back to top button