<p><span style="font-weight: 400;">Polkadot has released version 3 of its cross-chain messaging format <a href="https://wiki.polkadot.network/docs/learn-xcm">Cross-Consensus Messaging (XCM)</a>, which enhances interoperability between different blockchains in its ecosystem. </span></p> <p><span style="font-weight: 400;">The code for the update has been successfully merged into the master branch of the Polkadot repository on GitHub, <a href="https://twitter.com/gavofyork/status/1615363662801428486?s=20&amp;t=_0D8Z9_rTfMzwbQGOJUsyA">announced</a> Gavin Wood, co-founder of Polkadot. XCM version 3 is now in production after 15 months in development and it's compatible with all application-specific blockchains (parachains) in the Polkadot ecosystem. </span></p> <p><span style="font-weight: 400;">With XCM version 3 in place, the ability to move assets across different blockchains within Polkadot has been enhanced, the Polkadot team said</span><span style="font-weight: 400;">. This will apply for both <a href="https://www.theblock.co/post/144989/polkadot-now-lets-you-natively-send-tokens-across-parachains">regular tokens</a> and NFTs.<br /> </span></p> <p><span style="font-weight: 400;">The main focus of the new version is increased programmability, allowing for many new ways of interacting with tokens across multiple blockchains. This includes concepts such as locking tokens on one chain and unlocking them on another.</span></p><br /><span class="copyright"><p>© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p> </span>