Espresso launches cross-chain solution Presto and initiates cross-chain NFT minting

Jinse Finance reported that Rollups infrastructure layer Espresso Systems has announced the launch of its cross-chain transaction solution, Presto. Leveraging Espresso’s rapid finality, Presto can reduce cross-chain latency to under 2 seconds. At the same time, the Espresso Foundation has partnered with Rarible and Yuga Labs, the developer of BAYC, to collaborate on the ApeChain blockchain. Based on Espresso technology, the first seamless cross-chain NFT minting between ApeChain and RARI Chain will be launched, with the minting process taking place in two phases on the Rarible platform integrated with Presto. The first phase has already started, with the RARI series NFTs issued on ApeChain. Users can mint NFTs on ApeChain using funds from RARI without manually bridging funds or paying gas fees. Minting with RARI requires a cost of 0.001 ETH (approximately $3). The second phase will begin on December 15, when the ApeChain series will be launched on RARIChain, allowing users to mint using ApeChain funds.