German in-car leisure developer Holoride has launched a cross-chain bridge, permitting its platform customers to switch belongings between the MultiverseX blockchain (beforehand Elrond) and Ethereum.
Holders of RIDE tokens on MultiverseX can proceed to stake on Ethereum and commerce and retailer their tokens and NFTs on both blockchain.
CEO and co-founder of Holoride Nils Wollny commented on the announcement, “We are thrilled to unlock more freedom for RIDE holders no matter how they choose to engage with the Holoride ecosystem. For Holoride, MultiversX is and will always be our home base from which we were able to launch our adventure and continue to offer new and exciting opportunities to our ever growing community.”
By combining digital actuality, blockchain expertise and real-time information from in-motion autos, the holoride platform goals to create a wholly new media format. As such, it claims to supply groundbreaking digital actuality experiences together with streaming, academic content material and video games to automobile passengers.
As a part of the corporate’s imaginative and prescient of a sustainable ecosystem, its utility token RIDE is designed to attach platform subscribers, creators and enterprise companions, together with its shareholder Audi, by delivering customizable and user-authored experiences.
Furthermore, following a partnership cope with German race driver Laura-Marie Geissler, Holoride not too long ago launched its LMG GT No.2 NFT assortment, of which half was minted on Ethereum and the opposite half on MultiverseX. Not too long ago it additionally introduced a collaboration with MultiverseX native NFT market XOXNO.
Along with allow asset transfers, the launch of the cross-chain bridge on thirty first October, additionally means RIDE will grow to be obtainable on Uniswap on Ethereum.
For extra particulars, go to Holoride’s web site.