On Monday, February 27th, Axelar introduced its new virtual machine aimed at helping developers deploy their dApp across multiple blockchains more easily. The company also announced a $5 million developer grant for building with the virtual machine.<\/p>\n
According to a blog post from Monday, the Axelar Network is launching its new Axelar Virtual Machine. Axelar is a network aimed at helping developers create and launch their dApps across multiple blockchains and its new Virtual Machine represents a major expansion of its existing offering.<\/p>\n
The virtual machine will launch with two key components\u2014an \u201cAmplifier\u201d and a \u201cMaestro. The first of these is aimed at simplifying the connection to Axelar\u2019s interchain ecosystem and the second is meant to automate costly and complex tasks such as multi-chain app configuration, management, and coordination.<\/p>\n
Axelar is also offering a $5 million grant to developers interested in working with the Virtual Machine. According to the company\u2019s blog post, the program is intended to design interchain orchestration templates, boost security, and build new connections across the ecosystem at scale, Axelar is hoping to work with selected teams that are described as ideally having \u201ca deep understanding of consensus protocols and cryptography, and a strong software engineering background.\u201d<\/p>\n
According to a blog post from Monday, it is currently prohibitively expensive and complicated for developers to deploy their applications across multiple chains. In an effort to solve these issues, Axelar is introducing its Axelar Virtual Machine which will help developers to build their dApps only once and deploy them on any of the 1,000+ blockchains in existence.<\/p>\n
The company is comparing its Virtual Machine to Google\u2019s Kubernetes\u2014a toolkit helping developers scale their projects on web2. Axelar has already partnered up with numerous well-known names in the industry including Celestia, zkSynch, and Coinbase\u2019s recently-launched Base.<\/p>\n
With the rapid growth of the digital asset sector, a trend toward enabling interoperability between traditionally separated platforms has emerged. Perhaps the most visible example comes in the form of NFT aggregators which aim to give their users access to tokens spread across multiple blockchains and marketplaces. Recently, one of the newer aggregators even surpassed OpenSea after it launched its long-awaited Blur token.<\/p>\n
This article originally appeared on The Tokenist<\/i><\/p>\n
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