Artists mint NFTs on their preferred chain (e.g., Ethereum) using an ITS-compatible contract. The NFT metadata and ownership are mirrored on other chains (e.g., Polygon, Arbitrum) via Axelar GMP. Users can browse and purchase NFTs from any supported chain.
When an NFT is sold on a non-native chain, the royalty payment is automatically routed to the creator's wallet on their original chain. This is achieved through a smart contract on the AVM that manages cross-chain royalty payments. This system allows for a unified NFT ecosystem across multiple blockchains, which increases liquidity and reach for creators.
Co-founder at @OffchainLabs, @EdFelten talks about Ethereum's layered approach.
"Ethereum has taken this layered approach to build out the ecosystem, and I think it's been incredibly successful, and in a layered protocol stack, you don't need or want to solve every problem at the bottom."
Axelar Mobius Development Stack (MDS) use case spotlight:
🟠 4️⃣ Cross-Chain Liquidity Aggregator
A decentralized exchange (DEX) leverages Axelar MDS to create a true cross-chain liquidity aggregator. This can be accomplished by deploying a central order routing smart contract on the AVM.
The contract interfaces with liquidity pools on multiple chains (e.g., Ethereum, Arbitrum, Optimism, Polygon).
From the user's perspective, there's no bridging involved, and it opens up new arbitrage and liquidation opportunities because price discovery can happen across chains in real time.
This morning, right after @realDonaldTrump rang the opening bell, Axelar protocol co-founder @sergey_nog joined @NYSE TV to explain quantum computing and the intersection of blockchain & AI.
1. A user initiates a trade on Ethereum to swap $ETH for $USDC. 2. The AVM contract checks liquidity across all connected chains. 3. It finds the best rate on Arbitrum and initiates a cross-chain swap using General Message Passing (GMP).
Portfolio management tools can execute across ecosystems and rebalance assets based on opportunities across markets regardless of the underlying blockchain.