Freeverse Unveils LAOS: A Universal Layer 1 Blockchain for Digital Assets
December 4, 2023
December 4, 2023
Spanish blockchain innovator Freeverse has revealed its bold challenge, LAOS, a brand new layer 1 blockchain set to launch as a parachain on Polkadot in 2024. This announcement is available in collaboration with the LAOS Basis, a Swiss non-profit devoted to fostering the blockchain’s progress by way of its possession of LAOS tokens.
LAOS: The Universal Layer 1 for Digital Assets:
Positioned as “the common layer 1 for digital property throughout all blockchains,” LAOS is designed to allow creators to mint NFTs and varied digital property straight on its platform. Notably, LAOS extends its help past its native blockchain, facilitating compatibility with different outstanding blockchains corresponding to Ethereum, Polygon, and Solana by way of its bridgeless minting structure. This modern strategy leverages Polkadot’s cross-consensus messaging system, emphasizing the idea of a Universal Location.
Interoperability Imaginative and prescient for Digital Assets:
Freeverse’s CEO, Alun Evans, shared the corporate’s imaginative and prescient for an interoperable future for digital property, emphasizing LAOS’s adaptability for tokenizing real-world property or creating property for video games and digital environments. LAOS’ distinctive function lies in its capacity to separate the possession of an asset from its attributes. This distinction permits creators to generate new attributes for property, together with legacy property, on rising blockchains, fostering the adoption of Consumer-Generated Content material (UGC) and various ecosystems.
Evolution from Dynamic NFTs to LAOS:
The event of LAOS represents an evolution of Freeverse’s earlier enterprise into dynamic NFTs, referred to as its dwelling asset ecosystem. Established in 2019 and headquartered in Barcelona, Freeverse has secured $13 million in funding up to now, with the latest funding spherical amounting to $10 million in Might 2022.
LAOS on Polkadot’s Kusama Community:
At present accessible as Ok-LAOS on Polkadot’s Kusama ‘canary’ community, LAOS is present process preliminary testing. The anticipated token launch and the first Polkadot launch are set for the spring of 2024, marking a big milestone in Freeverse’s journey to ascertain LAOS as a pioneering power within the blockchain and digital asset panorama.
Conclusion:
Freeverse’s announcement of the LAOS blockchain signifies a daring step in direction of making a common layer 1 platform for digital property with unprecedented interoperability. By leveraging Polkadot’s infrastructure, LAOS goals to empower creators to mint property seamlessly throughout varied blockchains, driving innovation within the NFT area. Because the challenge progresses by way of testing on Polkadot’s Kusama community, the spring of 2024 holds the promise of LAOS rising as a transformative participant within the realm of blockchain expertise and decentralized digital property.
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