With secure cross-chain communication across all ecosystems, developers can:
- Create platforms that host NFTs from multiple chains, enabling users from one chain to buy NFTs minted on another chain without having to move assets from one chain to another.
- Allow NFT holders to collateralize their NFTs, using them in borrow-lend apps on any chain.
- Index derivatives from one chain to another using dApps.
- Allow users to pool liquidity in multiple assets, on multiple chains, via a single aggregator on a single chain.
Already, 18 teams are building applications using General Message Passing and other Axelar functions, as part of Axelar’s cross-chain grant program. As General Message Passing functionality takes hold, the “Super App” that changes the Web3 paradigm might not be far behind.
What is General Message Passing?
Example dApps: github.com/axelarnetwork/axelar-local-gmp-examples