Like most bridges, Multichain uses a mint-and-lock mechanism to move assets between the 92 blockchains it interacts with. For example, if a holder of USDC stablecoin bridges the asset from Ethereum to Fantom via Multichain, the token gets locked up in a smart contract on Ethereum and then issued anew on Fantom – in this case, as a “wrapped” token called anyUSDC.
Ferrari Races Into Web3 With Elite ‘Token Ferrari 499P’ Launch
Ferrari simply took its checkered flag swagger to the blockchain grid, rolling out “Token Ferrari 499P,” a digital token constructed...
