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
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.
About Nitro
Nitro is the first Layer 2 scaling solution for Solana, serving as the gateway between Solana and Cosmos.
SOURCE
https://twitter.com/Nitro_Labs/status/1643323359026114561
