The official bridge allows NFT creators to choose a green alternative for their NFTs, “four million times more energy efficient than Bitcoin,” they say.
IO Global, global blockchain engineering company and Cardano blockchain developers, and Bondly, an NFT solution provider accompanying the next generation of NFT creators, today announced the creation of their official inter-chain bridge to connect networks Cardano and Ethereum.
The development of the bridge, which marks the association’s first project, will allow NFT creators to easily move their NFTs off the blockchain. Ethereum, that consumes a lot of energy, Cardano. IO Globaly Bondly anticipate the launch of the new bridge in early 2022, following the September launch of smart contract functionality on the main network of Cardano.
The jointly created bridge will, they claim, provide NFT creators with a green solution for their NFTs to combat the solution’s energy inefficiency. Proof of Work from Ethereum. Yes OK Bitcoin and Ethereum they currently use a similar amount of energy to Oman and Columbia respectively, Cardano It will only use the energy equivalent of a family home, the companies say.
Cardano it also offers price predictability and stability for transaction costs, allowing creators to coin or transfer NFTs without risking unexpectedly high costs or lost transactions.
Bondly will produce a special series of eco-friendly NFTs celebrating the launch of smart contracts in Cardano, giving developers the ability to build applications that will utilize the capabilities of the world’s most advanced green blockchain, as well as NFTs that mark the launch of the cross-chain bridge.
Hoskinson: turning point
Charles Hoskinson, CEO of IO Global, said:
“We created Cardano with energy efficiency in mind, which is why this partnership with Bondly is so crucial, as it will allow NFT creators to access a leading solution for creating tokens that does not compromise on environmental credentials. Bondly also shares our commitment to interoperability. We believe blockchain will only achieve mass adoption when end users have a seamless experience regardless of which blockchain they are using, which is what bridges like this will achieve.
The creation of a cross-chain NFT bridge between Ethereum and Cardano marks a crucial moment in the transition from legacy blockchain technology to one of the most anticipated ‘third generation’ networks, ”said Harry Liu, CEO of Bondly. “As one of the pioneers of the NFT movement, we continue to play a key role in building the infrastructure that will herald the next phase in the evolution of NFT.”
Source: GlobalMedia and Bondly
Translation of DailyBitcoin
Edited image of Unsplash