The TON Foundation has selected Axelar’s Mobius development stack as an interoperability solution — aiming to boost The Open Network's connectivity with other chains.

TON developers plan to use MDS to enable asset transfers between TON and other blockchains and to support the development of cross-chain decentralized apps, according to a press release.

"Axelar MDS is an ideal choice for a TON interoperability layer: it’s an open, developer-friendly stack that enables secure, one-click integration for building apps across networks," said Anthony Tsivarev, director of ecosystem development at the TON Foundation.

The integration also aims to prevent fragmented liquidity, ensure that assets are not isolated on different chains, and reduce user confusion by providing a unified cross-chain experience.

TON developers want to leverage Telegram’s nearly 950 million active users and mini-apps to allow users to interact with various services without leaving the application. In recent months, Telegram-based games like Hamster Kombat and Notcoin have attracted millions of users with the promise to earn crypto tokens issued on TON.

However, the TON ecosystem has lacked user-friendly interoperability solutions so far, which has hindered seamless asset transfers across various chains. The core developers want to address this issue with bridges like Axelar.

Axelar is an interoperability platform that connects multiple blockchains, including Ethereum, Cosmos, and Polkadot. Its MDS stack provides the tools and infrastructure to facilitate secure interoperability across networks.

Source : The Block Crypto News - Oct 16, 2024