According to Foresight News, the Algorand Foundation has announced the integration of the Wormhole Native Token Transfer (NTT) standard into the Algorand blockchain. This initiative is being developed in collaboration with Folks Finance, a lending and liquid staking protocol on the Algorand platform.
The Wormhole NTT standard supports over 40 blockchains, enabling developers to issue and transfer native tokens across chains without the need for asset wrapping. This integration aims to enhance cross-chain interoperability and streamline token transfers within the Algorand ecosystem.