Dvision Network Set to Migrate to Binance Smart Chain on May 20
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Dvision has already announced their readiness to launch on BSC in their blog post and also started a countdown in their website, which pinpoints to the official launch of the bridge on 20th May.
Dvision Network launches BSC Cross-chain bridge
Dvision had earlier revealed that it has developed a multichain bridge allows easy and convenient cross-chain transfer of DVI between Ethereum and Binance Smart Chain. According to Dvision, the bridge was developed in partnership with Curvegrid. The bridge is built on Curvegrid’s MultiBaas blockchain middleware and will represent a significant milestone for the Dvision Metaverse.
DVI token will also be launched in May as a BEP20 token, and holders will be able to swap for other tokens within the BSC ecosystem. The cross-chain bridge earlier mentioned will ensure that Dvision Network is truly interoperable with multiple chains.
DVI holders will be able to transfer their tokens from the BSC to Ethereum and vice versa using the cross-chain bridge. Dvision Network also revealed that they have made several tests and integrated an intuitive interface. The BSC bridge will open new use cases for the DVI token and widen its application within the BSC ecosystem.
Migration to Binance Smart Chain a logical choice
Dvision revealed that the decision to migrate to the Binance Smart Chain was part of its vision towards expanding its ecosystem. It should be noted that BSC has emerged as a next-generation blockchain system for dApps and DeFi protocol.
Since its launch in the second half of 2020, Binance Smart Chain has enjoyed widespread adoption in the blockchain space. BSC supports smart contracts and crucially offers high TPS (transactions per second) as well as low transaction fees. It is also compatible with the Ethereum Virtual Machine enabling Ethereum based protocols to migrate easily to its ecosystem.
Dvision Network will take advantage of these features to develop products that have advanced smart contract capabilities. In addition, the BSC has a well-developed community and offers endless potentials for the Dvision Network metaverse.
Dvision Network will also expand its NFT metaverse to the Binance Smart Chain network allowing DVI holders to access this new sector. The VR platform also stated that the migration to Binance Smart Chain would kickstart new things for its ecosystem.
Major Milestone for Dvision Network
Dvsion Network migration to the BSC ecosystem represents a significant move for the leading NFT Metaverse blockchain. The blockchain platform has attracted interest in recent weeks with the auctioning of limited edition characters on the OpenSea Marketplace.
Dvision is currently developing an extensive NFT metaverse where anyone can create NFT items without significant technical knowledge. NFT holders will also be able to monetize directly with buyers without third parties or intermediaries.
All these products are powered by the Dvision Network utility token DVI. The launch of the BEP20 version of DVI will expand the liquidity and distribution of the token. Currently, DVI is listed on several exchanges, including Uniswap, Bithumb, Coinone, and Hoo.