XION is integrating with MultiversX to bring chain abstraction to sovereign chains

BlockBeats news, on August 22, Layer1 network XION is integrating with MultiversX to introduce chain abstraction into MultiversX's expanding sovereign chain ecosystem. This integration enables the seamless flow of local assets and cross-chain accounts between ecosystems, solves the problem of ecosystem fragmentation, and unifies the user experience. In addition, it enables builders to attract more users and liquidity in MultiversX's high-speed, low-cost network.

XION's integration with the MultiversX sovereign chain ecosystem will allow developers to build custom Layer 2 and application chains that are compatible with the XION ecosystem and its growing network of integrated chains. This will unlock the cross-chain composability of applications and take advantage of fast, low-cost transactions to further accelerate the adoption of Web3.