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    Home » Latest » TorusChain Sets New Standard with Gas-Free Layer 1 Blockchain
    Technology

    TorusChain Sets New Standard with Gas-Free Layer 1 Blockchain

    Chris SlaterBy Chris Slater26/08/2024Updated:26/08/20243 Mins Read
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    Transforming the WEB3 Ecosystem with Zero Gas Fees

    The TorusChain Association proudly introduces TorusChain, the revolutionary Gasless Layer 1 blockchain that is set to redefine the WEB3 landscape. By eliminating Gas fees, TorusChain offers an unprecedented platform for swift project initiation and scaling, dramatically speeding up the innovation process.

    A New Era for Blockchain Technology

    TorusChain integrates an extensive ecosystem of advanced technologies and platforms designed to streamline the project development lifecycle. This innovative approach eliminates the need for iterative development, enabling faster project launches and more effective user acquisition. TorusChain’s advanced capabilities foster a thriving environment for rapid innovation.

    “By enabling rapid project launches and providing access to large user bases and well-funded wallets, TorusChain speeds up the transition from concept to market. TorusChain is designed to enhance both speed and innovation, offering an optimal platform for fostering new ideas and advancements,” said Shabir Momin, President of the TorusChain Association.

    Strategic Partnerships Enhancing the Ecosystem

    Ramy Copty, Co-Founder and Director at TorusChain Association, highlighted the strategic alliances that strengthen the TorusChain ecosystem. Our network is bolstered by comprehensive support, featuring payment solutions, technological integrations, marketing enhancements, and user acquisition strategies. These partnerships ensure that projects on TorusChain have access to the resources they need to succeed and grow.

    A key innovation within the TorusChain ecosystem is FunNFT, a platform that introduces novel NFT protocols for royalties and rentals. Philipp Zahrer, Co-Founder and Director at TorusChain Association, explained, “FunNFT.com enables creators, artists, celebrities, and influencers to fractionalize, monetize, and share their work with exceptional speed and independence. This platform fosters direct engagement with fans, driving a new wave of fan-driven economic activity.”

    Global Reach and Strategic Collaborations

    The launch of TorusChain is further supported by a partnership with NewMedia Holding, a global digital media leader with over 1.8 billion users. Gurpreet Singh, COO of NewMedia Holding, remarked, “Our collaboration with EngagePoints, a WEB2-WEB3 loyalty program, provides a seamless connection to billions of users. This partnership will enhance global marketing efforts for projects on TorusChain, facilitating widespread adoption and visibility.”

    Cutting-Edge Technology Solutions

    TorusChain provides cutting-edge technological solutions tailored for both project developers and users.

    Key features include:

    • ToruScan: A blockchain explorer for comprehensive data tracking and transparency.
    • TorusSwap: A decentralized exchange (DEX) for efficient token swapping.
    • Developer Bridge: Facilitates cross-chain messaging for developers.
    • Customer Bridge: Supports secure cross-chain asset transfers.
    • Tofee Wallet: A multi-signature wallet providing robust security.
    • Staking Dashboard: Manages and claims staking rewards seamlessly.

    Shaping the Future of WEB3

    With over 100 pioneering projects across various sectors such as gaming, AI, DeFi, and metaverses—including RAKDAO, Enjinstarter, Arkadiapark, Fabwelt, Warlands, OzoneMetaverse, Nemesis, Thegrapeescape, 0xhares, Arena Games, Gamer Hub, MagicCraft, One.Game, PhantomBlaze, Streambay, and SpaceVrse—TorusChain is set to revolutionize the WEB3 space.

    Post Views: 438
    Blockchain Technology cross-chain technology DeFi digital media partnerships gasless blockchain metaverse NFT platforms NFT royalties TorusChain WEB3 innovation
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    Chris Slater
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    With a wealth of experience in journalism spanning over a decade, Chris Slater brings an incisive perspective to the newsroom. As a Senior Editor at Daily News, Chris oversees the day-to-day coverage, ensuring that each story is meticulously crafted and resonates with our diverse readership.

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