IOTA Shimmer Ready to Host NFTs from Polygon and Ethereum

• NFTs from Polygon, Ethereum, and other leading blockchains can now be transferred onto IOTA and vice versa as confirmed by IOTA co-founder last week.
• The Shimmer project is an accelerator program designed to test new features for the IOTA mainnet.

Interoperability remains a key factor for developers and users in the blockchain space. While most in the space have their preferred/favorite networks, there’s a need for cross-chain communication and transfers. For IOTA, this seems like a possibility following statements from co-founder Dominik Schiener.

Last week, just hours after a Twitter user and IOTA commentator called on better interoperability that would allow for NFTs to move from IOTA and into other major blockchains including Polygon and Ethereum, and vice versa, the co-founder confirmed that a Multicahin project is currently facilitating for these transfers.

Already being integrated with one of the best bridges in crypto @MultichainOrg https://t.co/jSBCkQ5IPt

— Dominik Schiener (@DomSchiener) September 6, 2022

IOTA Shimmer Launch

Shimmer network was launched in 2021 with the aim of creating a staging network that allows for the acceleration of new features on the IOTA mainnet. In addition to the launch of the network, the network further launched its native token dubbed SMR.

Since its launch, the project has progressed to the public testing of the network. This is still ongoing with developers, innovators, and token lovers invited to test it.

As for IOTA, its native token MIOTA has stalled in the last couple of months. From a position of the top 20 highest-ranked cryptocurrencies, the token has slipped below the top 50. At the time of press time, MIOTA has recorded a marginal change of 1% and is exchanging for $0.29. Having reached an all-time high of  $5.69 about 5 years ago, the token is a favorite for investors who are looking to win big as it makes its way back to the top. For others, its slow pace in development projects such as the Shimmer network are to blame for the steady drop in rankings and is set to hold prices down.