“Holoride’s groundbreaking Ethereum Bridge on MultiversX revolutionizes the way we experience virtual reality, paving the way for seamless transactions and unparalleled immersion in a world where imagination knows no bounds.”
holoride, the pioneer of extended reality in-vehicle entertainment, has announced a cross-chain bridge between the MultiversX and Ethereum blockchains. This bridge, set to launch on October 31, will enable seamless digital asset transfers of RIDE, the utility token of the holoride platform, across both blockchain protocols. The aim of this announcement is to support holoride’s vision of developing a vibrant and sustainable platform ecosystem powered by the RIDE token.
The RIDE token is designed to enhance engagement and add value for holoride subscribers, creators, and business partners. By bridging between MultiversX and Ethereum, RIDE holders will have the opportunity to freely trade and store their tokens on either blockchain platform. Additionally, RIDE holders on MultiversX can continue to stake on Ethereum, which will contribute to a thriving ecosystem and strengthen the community’s position in the Web 3.0 landscape.
Nils Wollny, CEO and co-founder of holoride, expressed excitement about the Ethereum bridge, stating that it demonstrates their commitment to growing the holoride ecosystem. He emphasized holoride’s technology-agnostic approach and their dedication to providing freedom for RIDE holders, regardless of how they choose to engage with the holoride ecosystem.
This Ethereum bridge aligns with holoride’s ongoing efforts to expand its Web3 presence and offer a transparent, secure, and personalized in-car entertainment experience. The company has recently made strides in the blockchain space, including partnerships for the release of NFTs and collaborations with NFT marketplaces. holoride remains committed to innovation and providing value within its ecosystem.
RIDE is currently available on xExchange, Gate.io, MEXC, and BitMart. After the bridge goes live, RIDE will also be available on Uniswap on Ethereum. For more information about holoride, visit their website. To learn more about Ethereum, click here.
About MultiversX:
MultiversX, formerly known as Elrond, is a high-throughput public blockchain that combines state, network, and transaction sharding to achieve scalability and security. It aims to provide security, efficiency, scalability, and interoperability beyond the current state-of-the-art.
About holoride:
holoride is a Munich-based company that combines virtual reality with real-time data from in-motion vehicles to create transformative entertainment experiences. By immersing passengers in virtual experiences and incorporating physical feedback and traffic data, holoride revolutionizes in-car entertainment. The RIDE token enhances holoride’s social content ecosystem by delivering a customizable and user-authored experience.
Founded in 2018, holoride has received numerous accolades, including the Best in Show award at SXSW Pitch and recognition as a CES Innovation Awards Honoree. The company has also been honored by TIME Magazine and Forbes for its innovative approach to entertainment.
For more information about holoride, visit their website.
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Source: holoride
