According to news on October 13, Ethereum’s modular execution layer Fuel announced the opening of a native bridge between the Beta-4 test network and Ethereum Sepolia. The Fuel native bridge can transfer assets between L1 and L2 and utilizes a messaging portal to handle token standards such as ERC-20 and ERC-721. On L2, tokens have dedicated contracts for message processing and minting on Fuel. Any assets deposited into Fuel may take up to 6 hours to be withdrawn back to Ethereum. Fuel native bridge is still in beta.
As previously reported, in September 2022, Fuel Labs announced the completion of US$80 million in financing, led by Blockchain Capital and Stratos Technologies.
