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Barcelona-based web3 tech startup Freeverse and the LAOS Foundation have launched LAOS, a Layer-1 blockchain built to solve major interoperability problems in digital asset systems. The platform addresses high gas fees, throughput bottlenecks, and network congestion through bridgeless connectivity — letting users and developers stay in their current ecosystems while decentralizing asset properties through LAOS.
Alun Evans, CEO at Freeverse, says LAOS can process up to one million transactions per second within Polkadot while keeping EVM compatibility and decentralization intact. The architecture supports dynamic on-chain representation of real-world assets (RWAs), keeping data accurate and current — a shift from speculation-driven value to utility-based value in web3 games. A beta version is live in Kusama, Polkadot's canary environment. Users can mint assets on Ethereum or Polygon at minimal cost right now, with the full Polkadot launch set for spring 2024.
Toni Mateos, co-creator of Dolby Atmos, founded Freeverse. The company has backing from Earlybird Venture Capital, Target Global, footballer Mario Götze, and Travelperk CEO Avi Meir. In May 2022, Freeverse.io raised $10.5 million to develop blockchain-based assets that evolve over time, creating a new model for digital ownership. The LAOS Foundation, established in Zug, Switzerland in August 2023, is a non-profit focused on decentralized ecosystems and digital ownership technologies. The foundation wants digital assets to integrate into mainstream use while staying compliant and cross-chain compatible.
LAOS targets long-standing friction points in digital asset ecosystems. The spring 2024 Polkadot launch should bring better interoperability for web3 game developers and players navigating the expanding digital ownership space.
