Psychedelic is a Web 3.0 developer studio that creates solutions for the Internet Computer. On Wednesday, Terabethia was launched by Terabethia. It’s a protocol for asset and cross-chain communication. With the Internet Computer, users can mirror any Ethereum tokens, non-fungible and fungible on the Internet Computer Blockchain and vice versa. The Internet Computer will effectively be an Ethereum layer two scaling solution.

Protocol attempts to address the problem. Ethereum network congestionGas fees that are high. Internet Computer, however, utilizes a “reverse-gas model”, where developers contribute the funds necessary to operate the applications and contracts using their gas. These are known as cycles.