Aptos Launches NFT Bridge on Wormhole, Expanding Interoperability Across Chains
Aptos (APT), a Layer 1 blockchain protocol often referred to as a Solana killer, has launched a new non-fungible token (NFT) bridge on Wormhole, enabling interoperability across multiple chains. According to Mo Shaikh, co-founder and CEO of the Aptos protocol, the NFT bridge is a game changer for the future of Web3.0, bringing a new level of interoperability to the network.
Interoperability is key to next-gen Web3.
With the Aptos NFT bridge on Portal (by our friends at @wormholecrypto), we’re breaking down walls and barriers one NFT at a time 🤝🌐
Now, no matter where your NFTs have been minted, they can move lightning-fast on Aptos ⚡️ https://t.co/VvceOpeVii
— Mo Shaikh (@moshaikhs) March 8, 2023
The NFT bridge allows for the seamless transfer of NFTs between any of the supported chains while preserving their metadata. When an NFT is transferred out of its origin chain, it is locked up in the NFT bridge smart contract, and an equivalent wrapped NFT is minted into a corresponding collection on the destination chain. The wrapped NFT has the same name, looks the same, and behaves exactly like other NFTs on the chain, but it also has the unique ability to be sent back to the original chain and unlock the original NFT.
Currently, the Portal bridge supports bridging NFTs from Arbitrum, Aurora, Avalanche, BSC, Celo, Ethereum, Fantom, Karura, Klaytn, Moonbeam, Oasis, Optimism, Polygon, and Solana to Aptos, and vice versa. In the past, high-level NFTs like Cryptopunks and Beeple have been bridged via Wormhole.
The new capability to bridge NFTs to Aptos offers users new possibilities for their NFTs, and Aptos is excited to see what exciting new use cases emerge as a result. As NFTs continue to grow in popularity, this new feature provides a significant opportunity for creators and artists across the various chains to increase exposure for their work.
Wormhole is an interoperability protocol that connects to multiple chains, including Ethereum, Solana, Binance Smart Chain, Polygon, and more. It enables cross-chain functionality, allowing users to interact with xDapps and transfer xAssets between networks or access their xData to provide them services on their current network. Currently, more than 60 protocols build on top of Wormhole’s generic message-passing layer.
The total volume of Wormhole stands at over $35 billion, and millions of messages are submitted each day. The launch of the Aptos NFT bridge brings a new level of interoperability to the network, and it is exciting to see how this new feature will shape the future of Web3.0.
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