Pudgy Penguins launches cross-chain transactions for Polygon, BNB Chain, Arbitrum

The choice was made to extend easy accessibility to the NFTs and enhance the present infrastructure, in line with the announcement. As well as, the venture goals at larger interoperability throughout chains and protocols constructed on them. The announcement states:

“That is simply the beginning of our efforts to develop and distribute the attain of Pudgy Penguins IP, and we’ll at all times be searching for new methods to do that. By increasing our horizons to extra blockchains, we open up potentialities of working with numerous companies that work on these chains.”

Ease of entry and capability

Within the final week of December 2022, the transaction quantity of Pudgy Penguins surged by 599%. Presently, the penguins expertise virtually 2 million transactions a day, which is difficult on the ETH infrastructure and pushes  fuel charges up by virtually 1,000%.

The venture crew additionally mentioned they count on the subsequent wave of customers to be “lots of of tens of millions.” That is why the venture determined to advertise ease of entry.

The three chains have been chosen “on account of their quickly rising utilization and publicity.” After the enlargement to Polygon, BNB Chain, and Arbitrum is accomplished, the venture will proceed to incorporate extra chains into its ecosystem.

Soulbound token

The venture crew can also be launching soulbound tokens to assist facilitate cross-chain transactions. A complete of three soulbound tokens might be issued to Pudgy Penguin NFT holders, every corresponding to at least one chain.

Relying on the chain the penguin holders bridge to, a novel commemorative soulbound token representing the bridge will seem within the consumer’s wallets inside 5 minutes.