Multichain

Cross-chain interoperability is a vital component in driving the widespread acceptance and <a href="https://blockchainreporter.net/adoption/" rel="noopener noreferrer nofollow">adoption</a> of blockchain technology. It allows for seamless communication between different <a href="https://blockchainreporter.net/how-can-features-of-blockchain-support-sustainability-efforts/" rel="noopener noreferrer nofollow">blockchain networks</a>, eliminating the barriers that have long hindered the growth and development of the industry. By enabling the free flow of assets and information between various networks, users can enjoy increased flexibility, efficiency, and choice in their blockchain experiences. In a recent tweet, Multichain, a leading decentralized cross-chain router, announced its integration with EOS EVM Mainnet to accelerate cross-chain transactions and mass adoption of the EOS network.<h2 id="header-0">EOS EVM Mainnet Beta Goes Live</h2>The EOS Network Foundation (ENF) recently unveiled the beta release of its mainnet, a groundbreaking development designed to boost interoperability between the <a href="https://blockchainreporter.net/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a> and EOS blockchain ecosystems. EOS EVM, which emulates the Ethereum Virtual Machine (EVM), allows the deployment of <a href="https://blockchainreporter.net/glossary/decentralized-applications-dapps/" rel="noopener noreferrer nofollow">decentralized applications (DApps)</a> written in Solidity, the programming language favored by a majority of <a href="https://blockchainreporter.net/glossary/web-3-0/" rel="noopener noreferrer nofollow">Web3</a> developers.The ENF team highlighted that the scalability issues plaguing the Ethereum network present considerable obstacles to deploying DApps on a massive scale. To address this challenge, EOS EVM aims to harness the expertise of the Ethereum community while capitalizing on the high-performance capabilities of the EOS Network.To utilize the EOS EVM, Multichain recently revealed its integration with its beta version, a strategic move that serves to enhance Ethereum’s capabilities while simultaneously promoting widespread <a href="https://blockchainreporter.net/adoption/" rel="noopener noreferrer nofollow">adoption</a> of the EOS Network.This integration allows for seamless transfers of BNB, DAI, USDC, USDT, WBTC, and WETH among EOS EVM Mainnet and over 30 other major blockchains. The EOS Virtual Machine aims to bridge the gap between the two blockchain ecosystems, tapping into Ethereum’s extensive resources while harnessing its own fast one-second block interval speeds and facilitating more than 800 swaps per second at low fees. As a result, users are provided with a dependable and secure solution for cross-chain interoperability. The team has assured there will be more assets to be available on the platform in the near future.Furthermore, this integration has streamlined the process for developers to introduce new protocols to EOS EVM Mainnet, opening up a world of boundless <a href="https://blockchainreporter.net/defi/" rel="noopener noreferrer nofollow">DeFi</a> potential. <a href="https://multichain.org/" rel="noopener noreferrer nofollow">Multichain</a> has been leading pioneering innovations in cross-chain communication since its inception. With the upcoming launch of anyCall — a universal cross-chain message protocol designed to facilitate seamless interconnectivity across numerous chains — on EOS EVM Mainnet, the future of cross-chain collaboration appears brighter than ever.<h2 id="header-1">Multichain Integrates EVM Following Its EOS Partnership</h2>The recent announcement of <a href="https://eosnetwork.com/" rel="noopener noreferrer nofollow">EOS Network Ventures (ENV)</a> committing to invest $20 million directly into EOS EVM and <a href="https://blockchainreporter.net/glossary/gamefi/" rel="noopener noreferrer nofollow">GameFi</a> projects has brought interoperability solutions like Multichain into the spotlight. By enabling applications with cross-chain tokens to deploy to EOS EVM, Multichain is empowering these projects to capitalize on the exciting new funding opportunities offered by EOS Network Ventures, which is actively pursuing investments in the GameFi and EVM spaces.EOS network has recently gained the spotlight in the crypto market as it received massive investment from DWF Labs. DWF Labs has entered into a strategic partnership with the EOS Network, committing $60 million to support the blockchain <a href="https://blockchainreporter.net/glossary/digital-asset-ecosystem/" rel="noopener noreferrer nofollow">ecosystem</a>. The investment firm will allocate $45 million for the purchase of EOS tokens, while the remaining $15 million will be directed toward EOS-based businesses and projects.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/281e062957e74dbc8e6347b75b2ed699.png" />Multichain’s integration with EOS EVM Mainnet showcases the growing demand for cross-chain solutions and the industry’s response to driving further innovations. By working together to create a more interconnected and cohesive blockchain ecosystem, both platforms are set to drive the future of the <a href="https://blockchainreporter.net/market/" rel="noopener noreferrer nofollow">crypto market</a>.The announcement of Multichain’s integration with EOS EVM Mainnet seems promising, as several users have already left positive feedback. As more networks join forces to break down barriers and embrace cross-chain interoperability, the potential for growth, collaboration, and innovation becomes limitless. This partnership not only expands support for a diverse range of crypto assets but also represents a significant step forward in realizing the vast potential of <a href="https://blockchainreporter.net/how-does-blockchain-technology-help-organizations-when-sharing-data/" rel="noopener noreferrer nofollow">blockchain technology</a>.

Multichain Announces Integration with EOS EVM Mainnet, Supports Several Crypto Assets

Table of Contents

BlockchainReporter

Other articles published on Apr 18, 2023

DCG Linked Crypto Exchange Luno Withdraws from Singapore

GALA Cryptocurrency Surges Over 12% In a Day: Here’s Why

Bitcoin Remains the Sole Focus for Investors With $104M Weekly Inflows: Report

Goldman Sachs Down 3% Premarket on Missed Earnings Report

Web 3 Game Developer EverdreamSoft Launches New NFT Collection

The Largest Voxnet Tournament Yet: A $500 Prize Pool Awaits Top Fragger

Join our free newsletter for daily crypto updates!