Key Takeaways
- TorusChain launches the world’s first Gasless Layer 1 blockchain, eliminating transaction fees and providing a cost-effective platform for developers and users.
- The blockchain’s integrated ecosystem includes advanced technologies and resources, reducing project development cycles and accelerating time-to-market for Web3 innovations.
- TorusChain is backed by strong partnerships, including NewMedia Holding and EngagePoints, providing global marketing reach and extensive support for projects on the platform.
- FunNFT.com, a key feature of TorusChain, offers unique NFT protocols for royalties and rentals, empowering creators with new monetization opportunities and fostering direct fan engagement.
The TorusChain Association today announced the global launch of TorusChain, the world’s first Gasless Layer 1 blockchain. It aims to accelerate innovation in the blockchain space by eliminating gas fees, a common pain point for developers and users alike, and delivering a high-speed, scalable platform for project deployment.
TorusChain is being hailed as a game-changer, not just for its zero-fee transactions, but also for its comprehensive ecosystem designed to streamline the entire project lifecycle. This ecosystem, packed with advanced technologies and revenue-generating opportunities, aims to reduce the time from concept to market, eliminating the need for multiple development iterations and driving faster achievement of project goals.
“By enabling projects to launch quickly and access large user pools with pre-loaded wallets, TorusChain accelerates the journey from concept to market-ready,” said Shabir Momin, President of the TorusChain Association. “This chain is about speed and fostering an environment where innovation thrives.”
Strategic partnerships are central to TorusChain’s ambitious vision. Ramy Copty, Co-Founder and Director of the TorusChain Association, highlighted the extensive support network that bolsters the ecosystem. “Our network is fortified with resources, including payment gateways, tech integrations, marketing accelerators, and user acquisition programs. This ensures that projects on TorusChain can leverage a wide range of resources to succeed,” Copty stated.
One of the standout features within the TorusChain ecosystem is FunNFT.com, a platform introducing new NFT protocols for royalties and rentals. Philipp Zahrer, Co-Founder and Director of the TorusChain Association, emphasized the platform’s potential to empower creators. “FunNFT.com allows creators, artists, celebrities, and influencers to fractionalize, monetize, and share their work with unprecedented independence and speed. It fosters direct relationships with their fans and fuels a new fan economy,” Zahrer explained.
Backing the launch is NewMedia Holding, a digital media powerhouse with a global reach of over 1.8 billion users. Gurpreet Singh, COO of NewMedia Holding, underscored the significance of this partnership. “Through our collaboration with EngagePoints, a WEB2-WEB3 loyalty program, we are offering a seamless bridge to billions of users, enabling global marketing for projects on TorusChain,” Singh said.
The TorusChain network boasts a suite of advanced technological solutions tailored for both projects and users. These include ToruScan, a blockchain explorer; TorusSwap, a decentralized exchange (DEX); Developer Bridge, a cross-chain messaging tool; Customer Bridge for cross-chain asset transfers; Tofee Wallet, a self-custodial multi-signature wallet; and a Staking Dashboard for managing and claiming staking rewards.
Already, over 100 innovative projects across gaming, AI, DeFi, metaverses, and other sectors are leveraging TorusChain to drive change in the Web3 space. Notable projects include RAKDAO, Enjinstarter, Arkadiapark, Fabwelt, Warlands, OzoneMetaverse, and many others, each pushing the boundaries of what’s possible with blockchain technology.
As TorusChain goes live, it is set to challenge traditional blockchain paradigms, offering a gasless, high-speed platform that could catalyze the next wave of Web3 innovation.
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