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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’re thrilled to unlock extra freedom for RIDE holders regardless of how they select to interact with the Holoride ecosystem. For Holoride, MultiversX is and can at all times be our dwelling base from which we had been capable of launch our journey and proceed to supply new and thrilling alternatives to our ever rising group.”
By combining digital actuality, blockchain know-how and real-time knowledge 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, instructional content material and video games to automotive 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 take care of German race driver Laura-Marie Geissler, Holoride just lately 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 turn into obtainable on Uniswap on Ethereum.
For extra particulars, go to Holoride’s web site.
