Home Press Release Rebase Integrates with LayerZero to unleash Cross-Chain Potential!

Rebase Integrates with LayerZero to unleash Cross-Chain Potential!

by Michael Nicholas
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Under the hood, Rebase strives for greatness to bring all digital assets to have a home in the physical world. In other words, Rebase is committed to linking Digital Assets & Collectibles to specific locations in the world, creating endless opportunities for companies and brands to conduct global campaigns, concentrate foot-traffic, and ultimately unlock the ability of Location based marketing.

Understanding Rebase at the Core

Rebase is an AR Adventure & Web3 lifestyle application that lets you explore, collect, and redeem exclusive digital rewards in real life. Navigate through a world of opportunities, ready to be claimed every day!

‘Web3 Pokémon GO’ could be a fitting comparison, where the integration of geolocation technology allows users to gather and interact with the events, and users can enjoy utilities back to your community! The NFT location will be displayed on the map of the real world.

Why LayerZero and The Power of Omnichain Contracts

The Omnichain Fungible Token (OFT) Standard allows fungible tokens to be transferred across multiple blockchains without asset wrapping, middle chains, or liquidity pools.

This standard works by burning tokens on the source chain whenever an omnichain transfer is initiated, sending a message via the protocol and delivering a function call to the destination contract to mint the same number of tokens burned, creating a unified supply across both networks. Using this design pattern, LayerZero can extend any fungible token to interoperate with other chains using the protocol. 

A True Omnichain Experience w/ Rebase

Enabling the ability to move Rebase ($IRL) Token seamlessly across networks

With this addition, Rebase $IRL token will have the freedom to move and expand to any LayerZero-supported chain creating a frictionless experience for the entire community and player-base. Come join the journey: together, we will merge the physical and digital worlds into one!

Michael Nicholas

As a highly experienced and successful crypto author, I have a proven track record of delivering quality, informative, and engaging content. My writing style is clear, concise, and easy to read, which makes complex topics accessible to a wide audience. With a keen eye for detail and an analytical mind, I am able to break down complicated concepts and effectively convey them.

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