Tokens are going multichain, and it’s getting easier

Launching a token on any given blockchain is generally not difficult or complicated. But launching a token across multiple chains has been more of a challenge.

Referring to a “native chain” in contrast to a “bridged” or “wrapped” version of a token is the status quo today.

A new service from general message passing protocol Axelar aims to change that, making it trivially easy to launch tokens on any or all of its supported networks with no coding skills required.

Called the Interchain Token Service (ITS), the new tool maintains the fungibility and properties of any ERC-20 token, while allowing them to move across any of the EVM-compatible blockchains in Axelar’s orbit —…

Read more on Blockworks

82.7K Reads