Avalanche Bridge, which was introduced by Ava Labs in July, now supports meme cryptocurrency Shiba Inu.
The tool allows seamlessly moving Ethereum tokens to the Avalanche mainnet.
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Avalanche Bridge (AB) is adding new tokens that can be transferred between Avalanche and Ethereum.
— Avalanche ? (@avalancheavax) December 8, 2021
First up, $SHIB incoming!
Transfer using the best bridge in crypto: https://t.co/UAY69mBjpo pic.twitter.com/gRa9rDFBMZ
Users can also transfer wrapped versions of Bitcoin and Ethereum with the help of the bridge.
Thu, 12/09/2021 - 06:33
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Ava Labs CEO Emin Gün Sirer recently described Shiba Inu as "a zero-sum game," adding that the best-performing cryptocurrency of this year is not his cup of tea.
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SHIB is a memecoin. As such, it's a pure momentum play -- it has no use, so it's a zero sum game. Exactly half the community (in dollar terms) will make money, while the other half loses. Not my cup of tea.
— Emin Gün Sirer? (@el33th4xor) December 7, 2021Advertisement
Vladislav Sopov
U.Today Editorial Team