Freeverse and the LAOS Foundation have unveiled LAOS, a universal Tier 1 blockchain for interoperable digital assets. This innovative collaboration aims to revolutionize digital asset ownership and tokenization across blockchains. LAOS addresses challenges such as high gas tariffs and limited bandwidth by providing a platform for usability and interoperability in the digital asset space.
Positioning itself as a solution to scalability challenges in blockchain, LAOS offers bridge-less connectivity, allowing users and developers to work across preferred ecosystems while maintaining decentralization of assets. Freeverse CEO, Alan Evans, emphasizes that LAOS is capable of processing up to one million transactions per second in Polkadot while maintaining compatibility with the Ethereum Virtual Machine (EVM).
LAOS not only addresses scalability issues, but also responds to the growing demand for real-world asset (RWA) tokenization and gaming. The platform architecture ensures accurate and timely representation of RWAs in the blockchain. In gaming, LAOS provides the ability to mint millions of assets, offering gamers the value of assets based on their utility.
LAOS on Polkadot is scheduled to officially launch in the spring of 2024, but the beta is already running on the Kusama "canary" network. It allows users to create assets with minimal effort on Ethereum or Polygon. Freeverse, founded by Tony Mateos, and the LAOS Foundation, based in Switzerland, represent a new era in digital assets and decentralized ecosystems.