Nitro New Partnership with Nexa

Nitro New Partnership with Nexa

Nitro has announced its new partnership with Nexa, The first decentralized cross-chain sale platform built with xMint technology.

Project Overview

Nexa make it possible for tokens and NFTs to become truly chain-agnostic.

Nexa provides a standard set of tools to enable projects to mint and launch their tokens or NFTs across multiple chains simultaneously.

The infrastructure provided by Nexa can be divided into 2 major categories:

  • xMint Infrastructure: for both projects who have and haven’t launched their token/NFT
  • xChain Sales Infrastructure: for new projects ready to launch

Nexa Network Overview

xMint

xMint is the process of creating a token simultaneously on multiple supported chains. xMint can allow existing tokens to migrate or expand to multiple chains.

  • Tokens are natively fungible across multiple chains. When tokens are sent from one chain to another, it’s recognised as the same token.
  • Token supply moves between chains seamlessly. There doesn’t need to be a set supply for each chain.

Nexa provides two different standards for xMinting a token:

About Nexa

Nexa is the first decentralized, cross-chain sale platform, built to launch native, chain-agnostic assets. Powered by Wormhole, the protocol enables xChain Token Sales (XTS), allowing projects to launch their token on multiple chains simultaneously.

Website | Twitter

About Nitro

Nitro is the first Layer 2 scaling solution for Solana, serving as the gateway between Solana and Cosmos.

Website | Twitter

SOURCE

https://twitter.com/Nitro_Labs/status/1643323359026114561

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