LAOS L1 blockchain leverages “bridgeless NFT minting”
Spanish blockchain outfit Freeverse has announced it’s building a new layer 1 blockchain called LAOS, which will launch as a parachain on Polkadot in 2024. The announcement has been made in conjunction with the LAOS Foundation, which is a Swiss non-profit set up to promote the blockchain’s growth in the coming years via its ownership of LAOS tokens. In terms of what LAOS offers, it’s labelled as “the universal layer 1 for digital assets across all blockchains”.
NFTs and other digital assets on LAOS but also supporting blockchains such as Ethereum, Polygon and Solana via LAOS’ bridgeless minting architecture. This leverages Polkadot’s cross-consensus messaging system, notably the concept of a Universal Location. This is enabled because LAOS separates the ownership of an asset and the assets’ attributes. As well as its cross-chain features, this means creators can generate new attributes for assets – including legacy assets – on new blockchains; something it hopes will drive the adoption of UGC and ecosystems. LAOS is currently available as K-LAOS on Polkadot’s Kusama ‘canary’ network.
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