What is Trantor Network? Trantor Network is a Bridge platform that allows the transfer of NFTs between blockchains. Trantor Network is one of the projects applying Layer Zero technology. So what’s special about Trantor Network? How does it work? Join the Weakhand team to find out below in this article!
To understand more details about Trantor Network, you can read more articles below:
- What is LayerZero? LayerZero Cryptocurrency Overview
- LayerZero’s Working Mechanism
- LayerZero Ecosystem: The Number of Projects Is Constantly Growing. Will It Open Up A New Trend?
- What is Omnichain NFT? Can Onmichain NFTs Become Trending?
What is Trantor Network?
Trantor Network is a multi-chain asset transfer protocol that enables multi-chain asset transfers with 100% liquidity and no fees. Any Web3 user can securely use it to transfer their NFT assets within each blockchain without the need for any validators.
Currently the protocol is using a Fuse mechanism to secure assets. To date the protocol has supported the transfer of NFTs across different EVM chains, Trantor is committed to developing cross-chain asset notification channels. Trantor Network is not only a general NFT compatibility protocol but also an important part of the Web3 ecosystem.
Mechanism of action
Some main features of Trantor Network:
- Unlimited Liquidity:
Trantor does not rely on a pool of LPs, so there is no liquidity drain and always have 100% liquidity. - Totally Free: Transfer assets to different chains without platform fees for Trantor. With Trantor, Cross – Chain is easily transferred.
- Cross-Chain Swap: With multi-chain liquidity, cross-chain swaps are becoming more and more accessible. This feature is still in development and is coming soon.
- Omnichain NFT Market:
Users can purchase NFTs across all chains on one platform and
NFT sellers can find more potential buyers across all chains.
Purpose of using Cross – Chain for NFT:
With the development of Web3, many NFTs are facing between performance and project progress, such as:
- Most NFT assets in ETH make up 80% of the total blockchain, while many blue-chip NFTs in ETH are limited in performance.
- GamFi in different chains cannot transmit data, liquidity and multi-chain assets to expand asset sustainability.
- The financialization of NFTs faces the threats of assets becoming non-circulatory during multi-chaining and potential blockade.
Cross-chain for NFT assets has deep and unmet demand, and message passing barriers cause all NFTs to reverse their existing value. Demand comes from many parties such as GameFi, NFTFi, omnichain NFT, blue-chip NFT,… There is still no effective and reliable solution to enhance its value in the field.Therefore, the potential and application prospects are huge for developing cross-chain communication protocols and improving the web3 ecosystem.
Purpose of using Trantor for NFT:
- Trustless: Trantor relies on a more mathematical algorithm than any validator, so there are no multi-signature leaks and no trust risks.
- Permissionless: Each NFT can be multi-chained without permission or auditors through Trantor.
- Omniliquidity: Trantor provides every NFT with multi-chaining capabilities, which automatically shares enough liquidity and strong performance across diverse chains.
Trantor’s mechanism of action
Steps to send an NFT through Trantor’s bridge:
- Step 1:Any NFT can request preomnichainization easily through the Trantor Network.
- Step 2: The original NFT will be multi-chained.
- Step 3: Trantor will transfer assets to any omnichannel chain.
- Step 4: If the multi-chain NFT requires transfer to the source chain, the chain split process will be initiated.
- Step 5: If the multi-chain NFT requires transfer to another destination chain, the multi-chainization process will be initiated.
Steps to transfer NFT from source chain to destination chain:
- Step 1: Native NFTs on the Source Chain are required to be multi-chained via Trantor..
- Step 2: The Layer-Zero protocol has the role of transmitting data information.
- Step 3: The bridge contract is called for non-custodial transfer of metadata on the source chain, and the original NFT is securely protected for this period of time.
- Step 4: Run a security monitoring system to evaluate NFT status and metadata in multi-chaining.
- Step 5: Determine if there is a multi-chain NFT contract in the target chain, if not, create a new one.
- Step 6: The corresponding NFT is multi-chained to the target chain.
Steps to transfer NFT from destination chain back to source chain:
- Step 1: Omnichain NFT on the target chain requires multi-chaining or chain splitting via Trantor.
- Step 2: The LayerZero protocol serves as data information transfer.
- Step 3: The bridge contract is invoked to transfer non-custodial metadata on destination chain A.
- Step 4: Run a security monitoring system to evaluate NFT status and metadata in multi-chaining.
- Step 5: Determine if there is an NFT contract present on destination chain B, otherwise a new contract will be created.
- Step 6: Determine if it is necessary to return to the original NFT.
Development Roadmap
The project does not have a clear timeline but does mention goals for the future:
- Omnichain NFT platform and build multi-chain NFTs with just one click.
- Develop a diverse cross-chain communication layer.
- Add EVM and non-EVM network access.
- Explore ZK implementation in Trantor with security, speed, cost, anonymity,..
- Establishing a multi-chain liquidity protocol for NFTs.
Core Team
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Investor
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Tokenomics
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Exchanges
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Project Information Channel
- Website: https://trantor.network/
- Twitter: https://twitter.com/TrantorNetwork
- Discord:
Summary
Trantor Network is a Bigde platform that transfers NFTs between different blockchains and applies Layer Zero technology. Shows that the project development potential is also very large and has goals for the future, but currently there is no information about the development team and tokenomics, so more monitoring is needed. Above is the information about the Trantor Network project that the Weakhand team learned, for you to read and refer to.