NerveNetwork partners with IoTeX to provide cross chain support

NerveNetwork has partnered with IoTeX and joined its ecosystem to provide cross-chain support for other projects on the US-based multichain to interact with other blockchains.

As part of the partnership, the Nerve team will import and deploy more blockchain projects on the IoTeX network in the future.

At present, we have completed the following regarding this cross-chain integration

  • IoTeX network cross-chain module is added to NerveChain in order to support the IoTeX cross-chain protocol. The Nerve decentralized cross-chain smart contract is deployed in the IoTeX network.
  • NerveNetwork supports IoTeX ecosystem assets to cross- chain to Nerve. All transactions of assets from IoTeX in the NerveNetwork are completely free all fees
  • NerveBridge supports the cross-chain transfer of IoTeX network assets.
  • The Nerve explorer supports cross-chain asset inquiry of the IoTeX network.
  • The NerveBridge cross-chain DApp will support cross-chain IoTeX assets. Currently, the NerveNetwork already works with Ethereum, BSC, Heco, OKC, Polygon, Harmony, Tron, KCC, Avalanche, Arbitrum, Optimism, Fantom, NULS. Metis, Klaytn. , SmartBCH will be supported soon.

About IoTeX

IoTeX is the leading decentralized network powering the future of Web3 and machine economy (MachineFi) via dApps that reward and benefit people for real-world everyday activities. The platform is built for developers to connect billions of machines with Web3 infrastructure, to create innovative products including DeFi, NFT, DAO, Metaverse, and MachineFi applications.

Founded in 2017 with a team of alumni from Google, Facebook, Uber, Bosch, and Intel, IoTeX has launched a high-performance public blockchain with off-chain computing for devices and machines, cross-chain bridges, wallet, and the MachineFi marketplace. IoTeX has grown rapidly with ∼$1B in assets on-chain, >300K on-chain users, and >10k devices connected across 130+ Dapps.

About NerveNetwork

Nerve is a decentralized digital asset network, based on the NULS service framework. Nerve uses the blockchain cross-chain interaction protocol developed and built using the NULS-ChainBox. Nerve aims to break the isolation of the single blockchain, enable asset exchange with cross-chain, and provide support that is needed for Defi applications. NerveNetwork provides a better, safer, and low-cost Defi application service for all digital asset holders.

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NerveNetwork

NerveNetwork

Decentralized digital asset service network.