Axelar Foundation launches Mobius Development Stack (MDS) to redefine Web3 design space.

From Investing.com

October 3, 2024, 10:00 AM:

Axelar Foundation has launched the Mobius Development Stack (MDS) on mainnet, offering customizable, self-service integration with any on-chain or off-chain system. Top L1 blockchains like Stellar, Sui and Ledger are set to launch, powered by the Interchain Amplifier. MDS aims to redefine Web3 by empowering developers to build decentralized applications with enhanced security and scalability.

MDS enables rapid tokenization of both crypto and real-world assets through an Interchain Token Service (ITS). The platform acts as a gateway between Web2 and Web3, allowing off-chain actors to interact with dApps through a secure transaction on the Axelar network. MDS fosters omnichain user experiences and enables fractional ownership of assets on any chain.

Leading L1 blockchain ecosystems, including Sui and Stellar, are adopting MDS to strengthen their positions in the DeFi space. MDS connects private-chain environments to public layer 1s, enabling global financial services firms and blockchain innovators to unlock the potential of tokenized assets. The integration of XRP Ledger with Axelar MDS allows for cross-chain asset mobility and protocol access, enhancing user and developer opportunities in a decentralized network.

Axelar becomes the first institutional-grade interoperability network to integrate Babylon and EigenLayer, bringing Bitcoin- and Ethereum-level security to cross-chain interactions. This integration is crucial for institutional participants seeking the highest-quality digital collateral to secure trillions in total value locked. The collaboration with EigenLayer opens new restaking opportunities in previously inaccessible use cases.

Axelar partners with OpenZeppelin to create an open, vendor-agnostic interface for interoperability protocols. By integrating Axelar into OpenZeppelin’s smart-contract libraries, dApp developers can build interoperable applications on multiple chains without vendor lock-in from the start. Axelar’s new security approach, powered by the AXL token, allows for secure cross-chain connections and enhanced tokenomics through designated verifiers and restaked incentives.

Read more at Investing.com: Axelar Launches Mobius Development Stack (MDS), A Reimagined Web3 Design Space By Chainwire