Pudgy Penguins launches cross-chain transactions for Polygon, BNB Chain, Arbitrum

    Pudgy Penguins introduced that it’s utilizing Layer-0 to permit cross-chain transactions on including Polygon (MATIC), BNB Sensible Chain, and Arbitrum (ARBI) to enhance entry for individuals past the Ethereum (ETH) Cryptocurrency ledger.

    The choice was made to extend quick access to the NFTs and enhance the prevailing infrastructure, in line with the announcement. As well as, the undertaking goals at increased interoperability throughout chains and protocols constructed on them. The announcement states:

    “This is just the start of our efforts to expand and distribute the reach of Pudgy Penguins IP, and we’ll always be looking for new ways to do this. By expanding our horizons to more blockchains, we open up possibilities of working with various businesses that work on those chains.”

    Ease of entry and capability

    Within the final week of December 2022, the exchange quantity of Pudgy Penguins surged by 599%. Presently, the penguins expertise virtually 2 million transactions a day, which is tough on the ETH infrastructure and pushes  fuel charges up by virtually 1,000%.

    The undertaking workforce additionally stated they count on the following wave of customers to be “hundreds of millions.” Because of this the undertaking determined to advertise ease of entry.

    The three chains have been chosen “due to their rapidly growing usage and exposure.” After the growth to Polygon, BNB Chain, and Arbitrum is accomplished, the undertaking will proceed to incorporate extra chains into its ecosystem.

    Soulbound token

    The undertaking workforce can also be launching soulbound tokens to assist facilitate cross-chain transactions. A complete of three soulbound tokens can be issued to Pudgy Penguin NFT holders, every corresponding to at least one chain.

    Relying on the chain the penguin holders bridge to, a singular commemorative soulbound token representing the bridge will seem within the consumer’s wallets inside 5 minutes.

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