Last week, Loom Network (LOOM), a blockchain ecosystem for games and social apps, announced support for the top-100 ERC-20 tokens by market cap, including Binance Coin (BNB), on PlasmaChain, a high-performance DPoS sidechain that acts as a bridge between multiple chains and Ethereum (ETH).
We will be integrating Tron and EOS into #PlasmaChain.
— Loom Network (@loomnetwork) March 20, 2019
“Over the coming weeks, Loom Network will be releasing integrations for Tron and EOS into PlasmaChain — effectively allowing dapp developers to offer their dapps to users on all three chains simultaneously,” stated Loom co-founder James Duffy.
Following the integration, TRON and EOS users will be able to purchase items from PlasmaChain dapps using EOS and TRX tokens, in addition to being able to sign for transactions using only their EOS or TRON wallets. This seamlessly integrates PlasmaChain into the Layer-one of choice.
Ultimately, this will expand the potential user base for each game or dapp developed on the PlasmaChain, while also limiting the instances where gamers are separated from one another simply due to differences in blockchain platforms.
While the project seemingly expected Ethereum zealots to be upset by the news, it seems to have been well received by the market, as LOOM is up 8.8% on the day to $0.072598, giving the altcoin a $55.4 million market cap.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.