Florence Finance to launch its RWA platform on Arbitrum

Following a lot of deliberations, Florence Finance has finally gone in to deliver its RWA platform on the Arbitrum Goerli Testnet regarding the initial testing phase. Thereafter, the company’s plans are laid out for launching the platform on the Arbirum mainnet. Through this, the company will be closer to its cross-chain ambitions.

As a matter of preference, the team at Florence Finance was always inclined toward Ethereum. However, the factor of high fees made them rule out the option, as according to the company’s vision, Real World Yield needs to be made available to the masses. This ultimately ruled in favor of Arbitrum being the platform for the test launch, and they accordingly carried out the switch.

If a user requires a white listing and initiates the testing phase on the Arbitrum Testnet, he must comply with the Zealy campaign’s established pattern. As soon as one completes the procedure, his address will be automatically whitelisted, and the testing procedure will begin. Through their Florence NFT, early testers can obtain rewards.

The prime reason for the Florence Finance team’s decision to use Arbitrum as their L2 arena is that it now enjoys the reputation of being an undisputed leader in both innovation and DeFi. This has become even more obvious when one considers that it has generated a strong community and a consistent inflow of TVL to the chain despite its $ARB airdrop. The company believes that its objectives have been achieved and that it can now simply move forward in terms of the platform’s general growth by making the fees cost-effective, offering a strong community, and fostering innovation.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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