Lunar Digital Assets, the leading full-stack blockchain venture studio, today announced the launch of the LitVM testnet, bringing smart contracts and programmable tools for advanced Web3 applications to the Litecoin ecosystem for the first time. This testnet will be live on April 15th. 

Advised by Litecoin creator Charlie Lee and supported by the Litecoin Foundation, LitVM is the first EVM-compatible Layer 2 built on Litecoin. The testnet represents a significant step toward establishing a hard money Web3 ecosystem centered on resilience, decentralization, and long-term economic integrity rather than short-term cycles.

The testnet will allow teams to deploy early applications, stress-test performance, and provide data that will guide LitVM’s path to mainnet. Built-in collaboration with strategic partners is currently planned to include Litecoin Foundation, BitcoinOS, Arbitrum, QuickSwap, Lunar Digital Assets, Espresso, and Caldera. LitVM’s architecture adapts proven Bitcoin-based technology for Litecoin, unlocking the full spectrum of Web3 functionality for the network.

“The industry has gone through many sharp corrections and is now recalibrating with renewed focus on fundamentals; but even in one of crypto’s toughest cycles, real teams keep building,” said Aztec Amaya, CSO of Lunar Digital Assets and LitVM Co-founder. “Litecoin is crypto’s most proven, cypherpunk hard-money, battle-tested freedom asset, and unleashing secure LTC, scalable programmability enables everyone to bring things back to first principles while staying innovative and taking our industry to the next level. This testnet is where the next chapter of blockchain begins.”

“This is an important step in the maturation of the Litecoin ecosystem. Since creating Litecoin in 2011, Litecoin’s development and awareness have 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.”

Teams participating in the two-month testnet will contribute impact reports to ensure transparent, measurable progress early on. While the testnet includes incentives, the priority is technical maturity and ecosystem improvement. Participants will have access to technical support, business development introductions, eligibility for legal and audit credits, consideration for LitVM grants, and potential entry into the first LitVM Tesseract accelerator cohort after mainnet. Top contributors will be highlighted in LitVM’s content and impact reports. 

So far, more than 50 teams have already committed to developing dApps on LitVM, which is led by a team of Web3 experts, including AztecAmaya, Roc Zacharias, and Edan Yago. Advisors include Charlie Lee and David Schwartz, David Chaum, Mario Nawfal, and Michael Terpin, who bring deep experience in cryptography, partnerships, media scale, and strategic communications. Amid a challenging year for crypto, LitVM’s April 15 testnet offers a rare example of real technical progress. Supported by strong communities and experienced contributors, it adds programmability to one of crypto’s original hard money assets, signaling meaningful, forward momentum at a time when the industry needs it most.

LitVM invites teams, auditors, researchers, and ecosystem contributors across Litecoin, Bitcoin, Ethereum, and Arbitrum communities to participate ahead of the testnet launch. For more information, please visit https://litvm.com/

 

About LitVM
LitVM is Litecoin’s Virtual Machine, enabling smart contract capabilities and Web3 applications for Litecoin. Officially endorsed by Charlie Lee and the Litecoin Foundation, LitVM is committed to fostering a ‘hard money Web3’ ecosystem, including Litecoin yield opportunities, real-world assets, AI, and more. 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, incubation, public relations, and BD-related services.  The team is responsible for incubating the likes of Polygon, QuickSwap, and the hit Crypto Podcast “The Aggregated”. Lunar Digital Assets operates as a full-stack incubation, marketing, and public-relations-ready support team that assists with scaling, launching, and developing blockchain projects and their ecosystems. 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

RAIR Technologies Empowers Developers to Build Web3 Applications through India’s Largest Hackathon

 RAIR Technologies, the leading open-source platform for building web3 applications, has announced…

Leetah Launches Presale Phase for LEET Tokens Eyeing $5 Million Soft Cap

The Leetah project has officially launched its presale phase for the platform’s…

The BuildClub Reaches $1 Million Milestone

The BuildClub, a leading player in the construction supply industry, is excited…

$DUCKER Presale Launch: A Quacky Adventure Begins on Solana

The cryptocurrency world is about to get a lot more quack-tastic! $DUCKER,…

TVCMALL brings one-stop wholesale solution to MWC 2023

Recently, the 2023 Mobile World Congress (MWC) held in Barcelona turned out…

BitUtility Launches Peacock NFT to Unlock Zero-Fee Crypto Payments Worldwide

BitUtility has officially launched its initial utility NFT, labeled “Peacock.” The team proposes…

LUFFY AIMS TO REVOLUTIONIZING THE CRYPTOVERSE AND ACCELERATE DECENTRALIZED FINANCE TO ITS NEW HEIGHTS.


Warning: Attempt to read property "post_title" on null in /home/l9s486wnf6gu/public_html/wp-content/plugins/wp-rss-feed-to-post/includes/wprss-ftp-display.php on line 111
Team Luffy Token, headed by CEO Terry, successfullyenters into the 2nd phase of Luffy Token roadmap,…

Multipool Sells Out Fjord Foundry LBP

Majuro, Marshall Islands, 27th May 2024, Chainwire

Conflux Network introduces AxHKD, Hong Kong Dollar-Backed Stablecoin

Toronto, Canada, March 8th, 2024, Chainwire Conflux Network, the only regulatory compliant…

Delenoifc: Pioneering the Future of Innovation in 2024

In 2024, Delenoifc is poised for significant growth and exciting opportunities. The…