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IOTA Moves Towards Interoperability With Shimmers With Multichain Partnership

In a blog post today, IOTA announced a partnership with Multichain, formerly known as Anyswap, to facilitate interoperability with Shimmers.

Users could swap tokens across both networks through this integration with the Web3 cross-chain infrastructure provider. Notably, the benefits would also extend to the ShimmerEVM chain. More so, for the ShimmerEVM chain, it would enable interoperability with not just IOTA but other Multichain-supported networks, including Ethereum, Fantom, and BSC testnets.

For context, Shimmers like IOTA is a directed acyclic graph (DAG) network. However, transactions on the network attract zero fees. In addition, it offers customizable smart contracts and promises to offer a scalable multi-chain ecosystem. Notably, the network was created to stress-test future IOTA features.

(by Okoya David)

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