Coinspeaker
Wormhole Unveils The Roadmap for Its Native W Token

Wormhole, a leading protocol in the blockchain space, has revealed the roadmap for the rollout of its soon-to-be-launched W token. According to a blog post, the launch would be another advancement towards the protocol’s plans for a more decentralized future.

The 4-Step RoadMap

Wormhole is planning to launch the W token as a native SPL token on Solana. The firm says that it decided after considering the high performance of the Solana ecosystem. Bearing in mind the multichain aspirations of the W token, Wormhole claims that Solana provides the best scalability, transaction costs, and processing times that would be needed.

After W makes its debut on Solana, it will expand to all Wormhole-connected EVM chains. To achieve this, the protocol will set up an innovative framework called the Wormhole Native Token Transfers (NTT). According to the post, NTT will allow the seamless transfer of W tokens across multiple blockchains, including Ethereum mainnet and layer twos (L2s). The benefits of the NTT are th...