IAGON, a decentralized cloud computing platform, announced its switch from Ethereum to Cardano in late April. Following that, it stated that 50 percent of its token supply, comprising 500 million IAG tokens, had been moved from Ethereum to Cardano.
The purpose-designed token bridge was constructed, according to the IAGON team, to enable the conversion of your ERC-20 IAG tokens to CNT IAG tokens, allowing tokens on separate blockchains (Ethereum and Cardano) to interact.
Milkomeda, a Layer 2 protocol, and the Nomad protocol are both used in the new bridge. If permitted, Iagon also hinted at an intention to provide support for more ERC20 initiatives.
After the Milkomeda Foundation announced the launch of Milkomeda C1 in late March, Cardano hit a watershed moment in interoperability.
Cardano CI is a Layer 2 EVM-compatible sidechain that allows Ethereum dApps to run on the Cardano network.
The ADA-AGIX converter went live shortly after, allowing SingularityNET's native token AGIX to interact with Cardano's first asset, ADA.
🔥Iagon Ethereum-Cardano #TokenBridge is launched 🚀
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