NVIDIA joins Tesla on X1

NVIDIA was the second stock to arrive on X1. NVDAx on Solana bridges to X1 as NVDA.X and trades on XDEX, on the same terms as Tesla.

What it is

NVDAx is Backed's tokenized NVIDIA share. The Warp bridge holds it on Solana and mints NVDA.X on X1, one for one.

Why it's good for X1

NVIDIA is one of the most traded stocks in the world and a natural match for a crypto audience. It quickly became the most bridged stock on X1: about 35.8 NVDA.X existed on 21 October, far more than any other stock on the chain.

Limits

Up to 25 shares per transfer and 50 shares a day in each direction, with a 0.25% fee.

What to watch

The risks are the same as for every bridged stock: Backed must hold the shares, the bridge must hold the xStocks, and xStocks are not offered to US persons.

Sources

• Warp bridge Info page, read 21 October: https://bridge.x1.xyz/info
• NVDA.X supply read from X1 mainnet on 21 October