Apex Fusion: New Blockchain Network Built by Ethereum and Cardano OGs Aims to Unite the Fragmented Web3 Space With Interoperable Technology and a Community-Centric Token

Web3 needs unity to thrive. Apex Fusion, a new blockchain project, aims to do just that.

Apex Fusion, a new blockchain network, has announced its launch with the aim of uniting the fragmented Web3 space through interoperable technology and a community-centric token.

The network, which combines elements of both the unspent transaction output (UTXO) and Ethereum virtual machine (EVM) ecosystems, is set to launch with a cohort of over 20 launch partners.

To coincide with the announcement, Apex Fusion has also released its Litepaper and a 14-video Litepaper Playlist, outlining the technical infrastructure that the core team members believe can bring unity to a fractured decentralized landscape.

The Apex Fusion Litepaper is designed to be accessible to a wider audience, with a focus on presenting the big picture rather than getting bogged down in technical details.

The approach appears to be creating a multi-chain network that allows interoperability from both the EVM and UTXO universe, with the core being a UTXO-based Prime Chain that is built with the Ouroboros proof-of-stake (PoS) consensus mechanism, which was pioneered by inclusion in the Cardano ecosystem.

This means that the Prime Chain is provably secure as it scales and also allows the chain to lend decentralization to the other chains in its network.

At launch, there will likely be two additional chains, each with bespoke utility. The Nexus Chain allows the deployment of accounts-based Dapps and smart contracts on the Apex Fusion network with the security and decentralization that is lent from the Prime Chain.

The initial launch network adds additional utility by including another foundational chain. Vector, the third component of the Apex Fusion ecosystem that is explained in the Litepaper, is built to allow easy integration of UTXO-based projects.

The network is built on battle-tested tech, with the foundational chains being crafted to interoperate with one another through an original creation of the Apex core team, known as the Reactor Bridge.

This bidirectional bridge allows the Apex Token to travel seamlessly between chains, which means that EVM and UTXO projects will be able to work together while also leveraging both benefits.

In a recent video titled Foundations of Fusion, Apex core team member and early Ethereum community member Andrej Muzevic stated, “Apex Fusion, for me, is a chance to deliver crypto in a nonpartisan way.”

The unity between the EVM and UTXO universes has been a goal that many entrepreneurs and users in the blockchain space have sought to achieve, with the difficulty previously being addressed by bridges that were often complicated and costly to use.

The Litepaper concludes by describing future plans to onboard an information, reputation, and governance hub called the Vision Portal.

“The vision portal is where we combine the best ideas with the best technology and, most importantly, the best people,” according to the video series that was released last week.

The Apex Fusion core team has also published a deep dive into the Apex Token’s tokenomics, which looked at other successful L1 protocols and designed a token distribution to build critical infrastructure and boost the community.

Around 54 percent of the tokens will go to the community and ecosystem, with 8 percent of these being distributed in an upcoming airdrop to the Cardano community, according to a chart in the tokenomics document.

According to The Fuse News, Apex Fusion’s airdrop and testnet launch is expected soon.

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