(Bondly) Blockchain developers Bondly and IO Global have jointly created an official cross-chain “bridge” that allows communication between Cardano and Ethereum networks.
The new “bridge” will allow NFT creators move their NFTs from Ethereum, a high energy dependent network, to Cardano.
IO Global and Bondly are expecting to release a new bridge early next year.
Cardano is touted as a better network in terms of energy efficiency compared to Ethereum and offers price stability and predictability for transaction costs.
Bondly now aims to generate a special series of eco-friendly NFTs to commemorate the launch of smart contracts on the Cardano platform.
Bondly CEO Harry Liu says the cross-chain Cardano-Ethereum bridge marks an important milestone in a move from legacy blockchain technology to major “third-generation” networks.
IO Global CEO Charles Hoskinson says the partnership with Bondly is crucial in bringing a leading solution for token creation that does not harm the environmental credentials.
ADAUSD is up +1.47%, ETHUSD is down -0.33%.
