Lunar Digital Assets, the leading full stack blockchain venture studio announced the launch of LitVM, the first EVM-compatible Layer 2 built on Litecoin at the Litecoin Summit. LitVM is a trustless zero-knowledge (ZK) Omnichain for Litecoin, which is designed to empower the Litecoin community with the full spectrum of Web3 functionality and is endorsed by the Litecoin Foundation.

LitVM transforms Litecoin into a trustless, programmable ecosystem, unlocking real-world assets and on-chain cultural expression. Powered by Polygon CDK and BitcoinOS, LitVM delivers a programmable ZK Layer-2 on Litecoin, with built-in access to AggLayer’s cross-chain liquidity. 

LitVM’s hybrid approach of bridging trustless native Litecoin and Litecoin assets via BitcoinOS’s ZK tech positions Litecoin to become an omnichain that unlocks payments, RWAs, and cultural assets. LitVM’s infrastructure allows for peer-to-peer Litecoin and stablecoin rails, chain abstraction, and unlocks real-world utility. LitVM also allows for ZK-secured tokenized assets and L1-secured RWAs like real estate and gold, powered by programmable time locks and DeFi-ready infrastructure. Additionally, LitVM opens up Web3 culture world-building, including Litecoin-based narrative assets, on-chain lore, Runes, Lordinals, and digital communities.

“This is an important step in the maturation of the Litecoin ecosystem. Since creating Litecoin in 2011, Litecoin’s development and awareness has remained focused on security, reliability, and accessibility for everyday transactions. LitVM extends these values into the programmable blockchain era,” said Charlie Lee, Creator of Litecoin. “The Litecoin Foundation endorses LitVM’s initiative to unlock smart contract capabilities as it is something many in our community have been waiting for. We’re hopeful it opens doors for developers to build DeFi applications, tokenize real-world assets, and create cultural experiences directly on Litecoin without compromising its security principles. We’re excited to see the potential wave of innovation this will hopefully catalyze across our ecosystem.”

“Bitcoin and Ethereum Layer 2s are thriving like never before, with a combined $12 billion in TVL, more than 170 active chains, and more than 30 million monthly active users. Litecoin remains one of the world’s most popular cryptocurrencies in use, and LitVM is the first smart contract Layer 2 equal to the strength of that adoption,” said Lunar Digital Assets CEO and LitVM Core Contributor Roc Zacharias. “Our mission is to create more demand for Litecoin, and to unlock new use cases for both Litecoin and Litecoin-native assets, all while fostering a utility-driven and cross-chain future for Litecoin users that enables yield-generation opportunities and creates a vibrant ecosystem for Litecoin-powered payments, RWAs, and cultural assets as well.”

LitVM is designed to facilitate a renaissance of Litecoin-native assets through its vast ecosystem of utility-rich applications. It encourages more Litecoin on-chain activity, enables new yield-generation opportunities, and provides a vibrant Web3 app ecosystem for Litecoin-native asset holders. For more information, please visit https://litvm.com/.

About LitVM

LitVM is Litecoin’s first trustless ZK Omnichain solution, endorsed by the Litecoin Foundation. Powered by Polygon CDK and BitcoinOS technology, LitVM securely bridges native Litecoin assets to EVM smart contract capabilities while providing interoperability, composability, and unified liquidity across chains through the AggLayer. The platform enables a comprehensive ecosystem spanning payments, real-world assets, and on-chain cultural expression, transforming Litecoin from a payment network into a fully programmable Web3 ecosystem. For more information, please visit https://litvm.com/.

About Lunar Digital Assets

Lunar Digital Assets is a leading Web3 venture studio offering the full spectrum of marketing and BD-related services, responsible for incubating the likes of Polygon and QuickSwap. Lunar Digital Assets operates as a full-stack incubation and marketing ready-support team that can help your blockchain project launch and scale. For more information, please visit https://www.lunardigitalassets.io


Media contact: LitVM@transformgroup.com

This press release was originally published on this site

You May Also Like

Following Trump Win, Harbour Investment Partners Launches Initiative to Help Savers Secure Competitive Rates as Interest Rates Predicted to Fall

In response to the projected downturn in interest rates following the U.S.…

JohnMiner.net Now Provides Enhanced Security and cloud mining Member Rewards

Cryptocurrency mining has become an attractive investment opportunity for many individuals worldwide.…

FFST, a novel fusion of social media, group-purchasing, and e-commerce platforms, announces its global expansion strategy

FFST, a cutting-edge amalgamation of social media, group-purchasing, and e-commerce, has recently…

Geojam Exclusive: Win a Private Jet New Year’s Eve Party with Tyga in Las Vegas!

  Geojam continues to redefine excellence in the world of travel, events,…

Russia-Ukraine Tensions Heighten Amid Global Financial Shifts; Bitcoin Hits New Highs with STAKING AI Leading Cryptocurrency Staking Advancements

As geopolitical tensions between Russia and Ukraine reach new peaks, global financial…

BNB Chain’s Perpetual Platform MEKE to Make Foray into Cryptocurrency Derivative Market

The entire cryptocurrency market witnessed waning popularity over the past two years…

Revolutionizing Social Media: How Avatar Social Combines Blockchain and AI for a Unified Experience

What is AVATAR and what does it solve? Avatar Social is a…

Quantum Chain Unveiled: Revolutionizing Finance with Advanced Quantum-Safe Security and AI Compliance on Coinstore

What is QUANTUM and what does it solve? Quantum Chain is designed…

Blockchain Gaming Studio Mugen Interactive Partners with Mysten Labs and Launched the First GameFi Prediction Protocol on Sui Network

10 July, 2023 – Mugen Interactive, an emerging blockchain gaming studio, launched their…

Naplozz Partners with Leading Web3 Agency to Build a Quality Management Ecosystem

Naplozz, the innovative quality management platform, is thrilled to announce a new…