XP.NETWORK Opens the Upgraded Bridge to More Chains

May 5, 2022
Velas Official

Introducing XP.NETWORK’s updates — new version 2.0, more supported chains, lower fees, and much more

XP.NETWORK, a valuable part of the Velas ecosystem and the world’s most powerful NFT bridge, has recently been upgraded to version 2.0 and opened to more supported chains; thus, expanding the utility streaming towards the ecosystem with grants from Dfinity, Harmony, Nervos, Aurora, IoTeX, Secret, GateChain, Vechain, and Ton.

The bridge has also been upgraded to version 2.0. With the new version, users can now enjoy the off-chain multisig collection for the bridge validators which means lower fees, a scalable number of validators, a safer set-up, ERC-1155 standard integration, and other important features.

In addition to that, they have expanded the bridge reach with V2.0 significant updates to all the supported chains, making the transfer of NFTs easier. Plus, thanks to crossing the marker of 1000 dApps in the integration pipeline, Velas’s utility is now being expanded even further.

“We are immensely proud to see how fast XP.NETWORK is growing and adapting to its users’ needs. Having looked at their latest technical update, I am fairly certain that XP.NETWORK’s users will now find using the bridge even more enjoyable. Moreover, their announced future updates sound just as exciting.” — Velas CEO, Farkhad Shagulyamov.

We are also proud to mention XP.NETWORK’s successful participation in the AIBC conference that took place in Dubai on March 20–23, 2022 where they presented the Velas ecosystem’s new updates and highlighted the plans for future growth.

Currently, XP.NETWORK is actively working on the first of the kind Bridge Explorer that will for sure become a game changer. Further updates soon to be presented include:
– Custom collection names
– User-defined logic for wrapped NFTs
– User-controlled Smart Contracts
– SFT (semi-fungible tokens) support.

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