Shimmer is proud to announce a partnership with Multichain, a cross-chain router protocol for Web3 interoperability. The integration paves the way for seamless asset transfer between the Shimmer and IOTA networks and allows for further interoperability between the two networks. Through this integration, IOTA holders will gain access to the rapidly growing Shimmer ecosystem.

Recently, the ShimmerEVM testnet was launched, which showcased Multichain’s potential. Testnet tokens were easily transferable between the IOTA and ShimmerEVM testnets. The test bridge also facilitated smooth transfers between ShimmerEVM, Ethereum, Fantom, and BSC testnets.

Multichain is a cross-chain infrastructure provider enabling interoperability between all major blockchains. It supports all ECDSA and EdDSA encrypted chains with a non-custodial solution and secure multi-party computation (MPC) model. It has also integrated more than 2460 projects with 56 supported EVM and non-EVM chains.

Shimmer is an L1 innovation network providing the core building blocks for a modular multi-chain architecture. It eliminates the need for bridges by anchoring L2 networks to the Shimmer network, allowing for the feeless transfer of digital assets with no need for middlemen or crippling gas fees.

While Shimmer is capable of providing users with an island-like experience, for a seamless user experience, it is important to connect to different smart contract chains outside the Shimmer ecosystem. This is where Multichain comes in and provides a multidimensional interoperability layer.

By establishing a partnership with Multichain, a leading cross-chain security protocol, Shimmer and IOTA are embarking on a journey of mutual growth and success. This collaboration will open up access to decentralized finance on all major blockchain protocols in the landscape.



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