The Rangers Protocol, which aims to provide an Ethereum Virtual Machine (EVM) compatible solution that facilitates cross-chain contract interoperability, has released its testnet to users.
The Rangers Protocol announced on Friday that it has successfully transferred its first Dapp to the testnet, which went live on July 19.
Rangers’ Ethereum Virtual Machine or EVM, compatibility allowed the project to convert BlueStone, an Ethereum-based lending protocol, to the testnet, which the protocol termed as “easy and developer-friendly.”
Despite the fact that there appear to be other blockchain-based solutions that are favourable to Solidity writers, Rangers Protocol is presenting its testnet as suitable for “new developers without blockchain previous knowledge.”
Individuals interested in generating nonfungible tokens, or NFTs, as well as gaming applications in a permissionless environment, will apparently have an easier time doing so.
Following $3.7 million in seed and private equity investment rounds, Rangers Protocol co-founder Mary Ma stated in June that the testnet would be launched in July.
Ma said that the protocol would contain a cross-chain protocol, NFT protocol, and EVM compatible system, as well as decentralized apps on its network. According to reports, the project took three years to create.
In addition, Crypto.com just unveiled its chain testnet, which allows projects created on EVM-compatible chains to migrate to its ecosystem.
Cronos, an open-source testnet, uses a proof-of-authority consensus process and is powered by the Ethermint proof-of-stake chain.
Rangers, formerly known as the Rocket Protocol, is a crypto business established in China with a market capitalization of $63 million.
Pantera Capital, Huobi Ventures Blockchain Fund, Framework Ventures, Alameda Research, AU21 Capital, Hashkey Capital, SevenX Ventures, SNZ, Spark Digital Capital, and others are among the venture capital firms that have backed the initiative.
