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WAX, a purpose-built and environment-friendly blockchain dealing with dApps, NFTs, virtual worlds, gaming, and collectibles, has announced a new initiative. As per the platform, it intends to soon unveil a token bridge to TON Network which operates under the famous social media forum Telegram. The company took to social media to reveal the details of the respective endeavor.
WAX to Offer a New Token Bridge in Collaboration with TON Network
In its new X post, the firm expressed its enthusiasm regarding the exclusive project. The platform also disclosed that this endeavor will elevate the position thereof in the case of the bridge technology. It also added that it has already linked to the other top players in the market. These platforms reportedly take into account Base, Polygon, Solana, and so on.
Apart from that, the company focuses on becoming the ultimate hub to offer unparalleled token transactions without any extra fees. As a result of this unique initiative, WAX is welcoming its new partner TON Network. It labeled this collaboration as the next significant move. According to the platform, the TON Network of Telegram has been making substantial efforts in the Web3 sector.
It also claimed that TON has a specialty in the case of gamers, creators, and startups around the world. The Open Network operates as a decentralized network that emerged back in the year 2018. In line with its structure, it exclusively deals with smart contracts and decentralized applications.
The Bridge Lets Users Transact Local TON Coins Between Diverse Blockchains
It reportedly possesses a multi-blockchain mechanism while offering, user-friendly, scalable, secure, and effective operations. With the help of the bridge, the users will get permission to transact local TON coins between several blockchains. Moreover, the consumers can also bridge the supported coins on WAX to TON and vice versa. This opens the latest possibilities concerning the token needs.