Freeverse and LAOS Foundation launch new blockchain for interoperable digital assets
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Freeverse and the LAOS Foundation are unveiling LAOS, a new universal Layer-1 blockchain dedicated to interoperable digital assets.
In a groundbreaking collaboration, Barcelona, Spain-based Freeverse, a Web3 technology startup, and the foundation have introduced LAOS to revolutionize digital asset ownership and tokenization across various blockchains.
Positioned as a solution to surmount persistent challenges such as high gas fees, limited throughput, and congestion peaks in prominent blockchains, LAOS emerges as a transformative platform for enhanced usability and interoperability in the digital asset landscape.
The current blockchain environment grapples with scalability issues, impacting users and developers, and forcing them away from established ecosystems. LAOS emerges as a potential resolution to these hurdles, offering bridgeless connectivity. This feature allows users and developers to operate within their preferred mature ecosystems while decentralizing asset properties within the LAOS framework.
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Addressing the limitations of existing solutions, Alun Evans, CEO at Freeverse, highlighted LAOS’ capability to handle up to one million transactions per second within Polkadot, maintaining full Ethereum Virtual Machine (EVM) compatibility and decentralization. The platform’s design assures users and developers of scalability without sacrificing decentralization.
“Today, we are announcing a vision for an
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