We are pleased to introduce Wormhole's Native Token Transfers (NTT) token bridge to the Backpack Wallet!
Wormhole is a multichain system that connects different blockchains and allows them to interact with each other. They have become especially well known for their token bridge.
Their Native Token Transfers (NTT) improves on the traditional Wormhole token bridge infrastructure which 'wraps' tokens and makes them available for use on different blockchains.
NTTs remove complexity and costs from the bridge process while also maintaining the tokens intrinsic properties. This is a huge step towards true blockchain interoperability and makes cooperation between chains much easier.
Wormhole’s Native Token Transfers (NTT) is an open source, flexible, and composable framework for transferring tokens across blockchains.
Integrators have full control over how their tokens that use NTT behave on each chain, including the token standard, metadata, ownership, upgradeability, and custom features.
Wormhole Docs
Want to learn more about Native Token Transfers (NTT)?
Head over to our Native Token Transfers (NTT) learn page for a deeper dive.
Learn more about Backpack
Exchange | Wallet | Twitter | Discord
Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal, or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Backpack. Please read our full disclaimer for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Backpack is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice.