ZUG, Switzerland, Aug. 22, 2024 /PRNewswire/ – The TorusChain Association, headquartered in Switzerland, announces the global launch of TorusChain – the world’s first gasless Layer 1 blockchain, redefining the WEB3 ecosystem. With its exceptional speed and ability to operate without gas fees, TorusChain provides a groundbreaking platform for quickly launching and scaling projects, accelerating innovation cycles.
TorusChain goes beyond traditional blockchain capabilities by integrating a comprehensive ecosystem with advanced technologies, platforms and revenue-generating capabilities. This ecosystem shortens the entire project development lifecycle, from launch to user acquisition, eliminating the need for multiple iterations and achieving project goals faster.
“TorusChain enables projects to be started quickly, access to large user pools and filled wallets, thereby accelerating the path from concept to market readiness. This chain is about speed and fostering an environment where innovation thrives,” said Shabir Momin, President of the TorusChain Association.
Ramy Copty, co-founder and director of the TorusChain Association, highlighted the strategic partnerships that enhance the TorusChain ecosystem: “Our network is strengthened by extensive support, including payment gateways, tech integrations, marketing accelerators and user acquisition programs that ensure that the projects on TorusChain can use a wide range of resources to be successful.”
“A standout offering within the TorusChain ecosystem is FunNFT.com, a revolutionary platform that introduces unique NFT protocols for royalties and rentals.” Philipp Zahrer, co-founder and director of the TorusChain Association, added: “This platform enables creators, Artists, celebrities and influencers alike to fractionate, monetize and share their work with unprecedented independence and speed, fostering direct relationships with their fans and powering a new fan economy.”
TorusChain’s launch is backed by NewMedia Holding, a digital media giant with a reach of over 1.8 billion users worldwide. “Through our partnership with EngagePoints, a WEB2-WEB3 loyalty program, we provide a seamless bridge to billions of users and enable global marketing for projects on TorusChain,” said Gurpreet Singh, COO, NewMedia Holding.
The TorusChain network is equipped with advanced technical solutions tailored for both projects and users. Key features include ToruScan (blockchain explorer), TorusSwap (DEX), Developer Bridge (cross-chain messaging), Customer Bridge (for cross-chain asset transfers), Tofee Wallet (a self-custody multi-signature wallet), and Staking Dashboard (management and staking of staking rewards).
More than 100 innovative projects from gaming, AI, DeFi, metaverses, industry, etc., such as RAKDAO, Enjinstarter, Arkadiapark, Fabwelt, Warlands, OzoneMetaverse, Nemesis, Thegrapeescape, 0xhares, Arena Games, Gamer Hub, MagicCraft, One.Game , PhantomBlaze, Streambay, SpaceVrse, are changing the WEB3 landscape with TorusChain.
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