Next Bridge generation
Our project, Algoperability, allows users to manage digital assets that live on a different blockchain than the blockchain on which those users are. For example managing and owning an NFT on blockchain Ethereum while the user is on Solana. This technology opens various possibilities, allowing people to send and exchange NFTs and other digital assets to people on other blockchains, as well as being able to execute DeFi orders and to use dApps on other blockchains. It also enables commercial companies to target audiences scattered on several blockchain all at once in releasing digital assets on Algorand and using our Central Database of users spread among different blockchains. If those released assets are NFTs, targeted users can directly mint them from the blockchain they are.
The principal difference between a classical bridge and our infrastructure is that we do not lock the initial asset, as we still allow the owner to manage the asset and move it. We also don’t mint a new synthetic asset on the destination blockchain. All the control of the original asset is achieved via Wormhole messages, a central database stored on Algorand, and smart-contracts managers on the various blockchains supported thanks to the infrastructure we imagined. The user experience is at the core of our project, allowing a multi-chain futur accessible to everyone.