WAX, a blockchain platform that deals with dApps, NFTs, virtual worlds, gaming, and collectibles, has recently announced a new initiative. The platform plans to unveil a token bridge to TON Network, which operates under the popular social media forum Telegram. This new project is expected to elevate WAX’s position in the bridge technology market, and the platform has already linked to other top players in the industry, including Base, Polygon, and Solana.
WAX aims to become the ultimate hub for offering unparalleled token transactions without any extra fees. As part of this initiative, WAX has partnered with TON Network, which specializes in the Web3 sector, particularly in the case of gamers, creators, and startups around the world. TON Network operates as a decentralized network that deals exclusively with smart contracts and decentralized applications.
The token bridge will allow users to transact local TON coins between diverse blockchains, thanks to its multi-blockchain mechanism. With the help of the bridge, consumers can also bridge the supported coins on WAX to TON and vice versa, opening up new possibilities for token needs.
