Introduction to NTT framework
The NTT (Native Token Transfers) framework launched by Wormhole is an open, flexible and composable framework for transferring native tokens across blockchains while retaining its intrinsic properties. The introduction of this framework provides strong support for the development of cross-chain protocols, allowing the team to develop cross-chain protocols with an open framework to adapt to the long-term evolution of the protocol.
A distinctive feature of the NTT framework is that it supports behavioral control of Tokens on each chain, including customizability, metadata, and ownership/upgradeability. This means that projects built on NTT are able to retain full control of their tokens on each chain, allowing them to integrate with any type of token standard or governance system. This feature makes the NTT framework extremely flexible and adaptable and can meet various cross-chain needs.
The NTT framework also provides two usage modes: Locking mode and Burning mode. In locked mode, the token supply on the original chain is preserved while enabling seamless cross-chain transfers. In the destruction mode, Token is distributed and supplied on multiple chains, realizing native multi-chain Token. These two modes provide more choices and possibilities for existing Token deployment.
For Wormhole itself, the launch of the NTT framework is an important part of its development roadmap. By using the NTT framework, Wormhole realizes the native multi-chain functionality of its native token W on chains such as Solana, Ethereum, Arbitrum, Optimism and Base. This allows W coin users to seamlessly transfer W coins between these chains without worrying about the complexity of liquidity fragmentation or liquidity pools.
The launch of the NTT framework also laid a solid foundation for Wormhole's future development. As more projects are built based on the NTT framework, Wormhole is expected to become a bridge connecting multiple blockchains to achieve wider value interoperability and asset circulation.