Cambridge, UK, November 29, 2023—Flux, a global provider of decentralized cloud infrastructure, has announced the release of a new parallel asset, Flux-Base. The new asset will bridge the Flux to the Base blockchain, facilitating cross-platform development and collaborative efforts between the two chains.
Base Network is developed by Coinbase, the second largest Crypto-exchange in the world by trading volume. The chain is an Optimism-based Ethereum layer-two scaling solution built to support the easy deployment of decentralized applications and enhance efficiency while minimizing transaction costs. Base also operates on the security and decentralized ideals of the Ethereum mainnet and offers EVM compatibility that allows for seamless integration with Flux, and other Ethereum functionalities.
The new parallel asset creates unique opportunities for the deployment of decentralized applications that mirror the distinctive advantages of Flux and Base, thus promoting new opportunities for cross-platform development in the Web3 industry and beyond. In addition, the Flux-Base will also enable Flux native users to mint NFT and access many DeFi platforms on Base network, including UniSwap, Aave, Compound, and Sushiswap.
Coinbase has a vast and established user base. Flux-Base will allow the Flux ecosystem to tap into this pool and leverage the Base network to access specialized tools and offerings, including the exchange platform, wallet, NFT marketplace, and other developer products. This will expand the reach of the Flux ecosystem, create additional liquidity channels, onboard new users, and facilitate interoperable synergy in the Web3 industry at large.
“The release of our 11th parallel asset demonstrates the core of Flux vision to provide users with access to highly scalable options to drive innovation and cross-platform development opportunities in the Web3 industry. Flux bridge to the Base network therefore provides an essential link that will promote the deployment of dApp on both ecosystems and serve as a catalyst for the mass adoption of decentralized tools and services.” —Daniel Keller, CEO & Co-Founder, Influx Technologies Limited.
Unlike past assets, Flux-Base will not be distributed as an airdrop. However, it will be available on Fusion via the Zelcore wallet to bridge the Base network and foster unique cross-platform expansion and development opportunities.
About Flux
The Flux Web3 cloud is a decentralized computing service and blockchain-as-a-service solution, offering an interoperable and decentralized development environment similar to AWS or Google Cloud. Flux utilizes a native POW (Proof-of-Work) coin to power this ecosystem, providing incentives for hardware hosters, on-chain governance, and bad actor mitigation via staking requirements for running hardware. The Flux operating system runs on top of Linux to provide the network with verified and benchmarked high-availability compute power and utilizes the blockchain to ensure transparency in governance operations. Flux Cloud is the world’s largest and most decentralized cloud infrastructure.
Contact Info:
Name: Betty Kolibacova – CMO of InFlux
Email: info@runonflux.io
Organization: InFlux Technologies Limited
Country and City: Cambridge, UK
Website: https://runonflux.io/
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