The blockchain-based NFT Metaverse platform, Dvision Network, announced that it will build a bridge between Ethereum and the Binance Smart Chain ecosystem. As part of the development, Dvision Network will integrate the BEP20 version of its token. In addition, users can exchange DVI-ERC20 tokens for equivalent BEP20 tokens via a multi-chain bridge.
Dvision Partnered with Curvegrid to Build a multi-chain bridge
The multi-chain bridge is built in collaboration with Curvegrid. It should be noted that a few months ago Dvision and Curvegrid announced a strategic alliance, which is the first major result of the collaboration between blockchain projects.
The migration to Binance Smart Chain will take place via the asset portal bridge “Looking Glass”, which is based on the Curvegrid MultiBaas blockchain middleware. This blockchain architecture ensures the smooth and convenient cross-chain transmission of DVI from ERC-20 to BEP-20 and vice versa.
DVI stated that the decision to integrate with Binance Smart Chain is in line with the existing roadmap. The VR blockchain platform believes that BSC is an ecosystem that can lead the next generation of decentralized applications.
Binance Smart Chain is also highly scalable and supports smart contracts with fast confirmation speeds and low transaction fees. Migrating to BSC can also help Dvision develop advanced intelligent contract features and ensure that users can take advantage of the speed and low transaction fees of BSC-based products.
Dvision Network also pays attention to the current trend in the field of cryptocurrency, which was favoured by BSC. Binance Smart Chain’s daily transaction volume has exceeded Ethereum and will only continue to grow.
Ethereum and BSC Compatibility
Dvision Network also indicated that the BEP20-DVI token will not replace the existing ERC20-DVI token. The two tokens will coexist, and the bridge will help users interact between the two ecosystems. This ensures that DVI is a true multi-chain token that holders use to conduct transactions in the BSC and Ethereum ecosystem.
Dvision Network has conducted several tests on the bridge and will incorporate a user-friendly interface for the product, which is expected to be launched in May. Before launch, Dvision will provide more information on DVI use cases in the BSC ecosystem. Dvision Network officially announced on its Twitter handle that the bridge will be operational on May 20th (in about a week).
Multi-chain Bridge will Be a Milestone for Dvision Network
The launch of the multi-chain bridge is an important milestone on the way for Dvision Network to become the leading NFT Metaverse platform. Dvision recently released a limited edition of the NFT characters and auctioned it on the popular OpenSea market.
The release of NFT was very successful and the virtual reality platform was shown to a new market for NFT enthusiasts. Dvision Network continues to expand its use cases with DVI tokens.
