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The project promotes its testnet as useful for “new developers without blockchain background knowledge.”
The Rangers Protocol has opened its testnet to users in order to provide an Ethereum Virtual Machine-compatible solution that supports cross-chain contract interoperability.
The Rangers Protocol announced on Friday that it had successfully migrated its first Dapp to the testnet, which went live on July 19. BlueStone, an Ethereum-based lending protocol, was migrated to the testnet, a move described by the protocol as “smooth and developer-friendly” given Rangers’ Ethereum Virtual Machine, or EVM, compatibility.
Despite the fact that there appear to be alternatives utilising blockchain technology that are friendly to Solidity developers, Rangers Protocol is marketing its testnet as useful to “new developers without blockchain background knowledge.” Individuals interested in creating nonfungible tokens, or NFTs, as well as gaming applications in a permissionless environment will reportedly have an easier time doing so.
Rangers Protocol co-founder Mary Ma announced in June that the company would launch its testnet in July after raising $3.7 million in seed and private equity funding. Ma claimed that the protocol would include decentralised apps and a cross-chain protocol on its network. NFT protocol, and EVM compatible system. The project is reportedly the work of three years of development.
Crypto.com also recently launched its chain testnet, which allows projects built on EVM-compatible chains to migrate to its ecosystem. Cronos, the open source testnet, is powered by the proof-of-stake chain Ethermint and runs on a proof-of-authority consensus algorithm.
Rangers, formerly known as the Rocket Protocol, is a China-based cryptocurrency company with a $63 million valuation. Pantera Capital, Huobi Ventures Blockchain Fund, Framework Ventures, Alameda Research, AU21 Capital, Hashkey Capital, SevenX Ventures, SNZ, Spark Digital Capital, and others are among the venture funds backing the project.